Saudi Arabian equities closed higher on Tuesday, with sector-level advances in Agriculture & Food, Retail and Real Estate Development providing upward momentum for the market.
The Tadawul All Share finished the session up 0.24%.
Among individual issues, Saudi Automotive Services Co. (TADAWUL:4050) posted the session's largest gain, climbing 10.00% - a rise of 4.22 points - to end trading at 46.42. Tabuk Agriculture Development Co (TADAWUL:6040) added 5.87%, or 0.36 points, to close at 6.49. Savola Group (TADAWUL:2050) also advanced, up 4.77% or 1.24 points, to finish at 27.22.
On the downside, Bupa Arabia for Coop. Insurance (TADAWUL:8210) was the weakest performer, slipping 4.04% or 7.10 points to close at 168.70. Almoosa Health Co (TADAWUL:4018) declined 3.13%, a drop of 3.70 points, to end at 114.60. Thimar Development Holding Co (TADAWUL:4160) fell 2.98% or 0.92 points to finish at 29.94.
Market breadth was modestly positive, with rising stocks outnumbering declining ones by 182 to 160, while 20 stocks ended unchanged on the exchange.
Two companies reached noteworthy low marks during the session. Shares of Almoosa Health Co (TADAWUL:4018) fell to all-time lows, closing at 114.60 after losing 3.13%. Thimar Development Holding Co (TADAWUL:4160) traded down to 5-year lows, finishing at 29.94 following a 2.98% decline.
Commodity markets moved lower in the session. Crude oil for July delivery was down 0.98% or 1.02 to $103.36 a barrel. Brent oil for July settlement fell 1.58% or 1.77 to $110.33 a barrel. The June Gold Futures contract declined 0.37% or 16.91 to trade at $4,541.09 a troy ounce.
Currency pairs linked to the riyal showed small shifts. EUR/SAR fell 0.31% to 4.36, while USD/SAR was unchanged at 3.75. The US Dollar Index Futures was up 0.07% at 99.17.
Market context and implications
The session featured a mix of concentrated stock-specific moves and modest sector contribution to the index's overall gain. Gains in Agriculture & Food, Retail and Real Estate Development helped offset weakness in select healthcare and insurance names. Oil and metals retreated during the trading day, while dollar and riyal-linked currency pairs showed limited volatility.
Bottom line - The Tadawul closed slightly higher on Tuesday led by a handful of sector winners, with commodity and currency prices moving lower to mixed effect on market sentiment.