Saudi Arabia's equity market finished slightly higher on Tuesday, with the Tadawul All Share index rising 0.10% at the close. Strength in stocks tied to Industrial Investment, Retail and Cement helped lift the session.
The session's strongest movers included Banan Real Estate Company SJSC (TADAWUL:4324), which climbed 8.02% or 0.26 points to finish at 3.50. Saudi Industrial Development Co. (TADAWUL:2130) gained 6.01% or 0.98 points to close at 17.29, and Najran Cement Company (TADAWUL:3002) advanced 5.53% or 0.31 points to end the day at 5.92.
On the downside, National Gypsum Company (TADAWUL:2090) fell 3.57% or 0.47 points to 12.70 at the close. Saudi vitrified clay pipes co. (TADAWUL:2360) declined 2.78% or 0.57 points to 19.94, while Saudi Arabia Refineries Co. (TADAWUL:2030) was down 2.60% or 1.50 points to 56.30.
Decliners outpaced advancers on the Saudi Arabia Stock Exchange, with 201 stocks falling compared with 125 advancing; 30 issues finished unchanged.
Notably, shares of National Gypsum Company (TADAWUL:2090) dropped to five-year lows, sliding 3.57% or 0.47 to 12.70.
Commodities markets showed upward pressure on oil prices during the session. Crude oil for October delivery was up 1.67% or 1.53 to $93.01 a barrel. Brent oil for delivery in November rose 1.01% or 0.98 to $97.98 a barrel. By contrast, the December Gold Futures contract fell 0.80% or 35.64 to trade at $4,440.96 a troy ounce.
Foreign exchange rates were broadly steady. EUR/SAR was unchanged 0.04% to 4.36, while USD/SAR was unchanged 0.00% to 3.76. The US Dollar Index Futures was down 0.26% at 98.89.
The trading day reflected narrow headline movement in the benchmark index alongside mixed individual stock performances and divergent commodity moves, with oil ticking higher and gold retreating.
Market snapshot
- Tadawul All Share - close: +0.10%
- Top gainers: 4324 (+8.02%), 2130 (+6.01%), 3002 (+5.53%)
- Top losers: 2090 (-3.57%), 2360 (-2.78%), 2030 (-2.60%)
- Advancers vs decliners: 125 vs 201; unchanged: 30