Saudi Arabian equities closed modestly higher on Sunday, with the Tadawul All Share index finishing the session up 0.10% at 10,818.98, a gain of 10.55 points. The market's advance was driven by strong moves in a handful of industrial and construction-related listings.
Top performers
The session's largest percentage riser was LIVA Insurance Co (TADAWUL:8280), which climbed 9.93% - an increase of 1.32 points - to finish at 14.61. The stock also moved to a 52-week high on the day, closing at that level.
Other notable winners included Saudi Printing & Packaging Company (TADAWUL:4270), which jumped 9.91% or 0.65 points to end at 7.21, and Saudi Industrial Export Co (TADAWUL:4140), which rose 8.89% or 0.20 points to close at 2.45.
Lagging stocks
On the downside, Saudi Fisheries Co. (TADAWUL:6050) registered the steepest fall among major movers, sliding 4.76% or 3.50 points to close at 70.00. Saudi Arabia Refineries Co. (TADAWUL:2030) dropped 4.08% or 2.15 points to finish at 50.60, while East Pipes Integrated Company for Industry (TADAWUL:1321) declined 3.96% or 9.00 points to end the session at 218.00.
Across the exchange, decliners slightly outnumbered advancers: 159 stocks fell versus 154 that rose, while 25 issues finished unchanged.
Commodities and currency moves
Commodity markets registered small declines during the session. Crude oil for August delivery fell 0.93% - a drop of 0.67 - to trade at $71.41 a barrel. Brent crude for September delivery eased 0.38% or 0.29 to reach $76.01 a barrel. In precious metals, the August Gold Futures contract decreased 0.65% or 27.10 to trade at $4,113.70 per troy ounce.
On the currency front, EUR/SAR was down 0.14% to 4.29, while USD/SAR was essentially unchanged, moving 0.01% to 3.75. The US Dollar Index Futures was reported up 0.07% at 100.76.
This session's market action was concentrated among a few high-momentum names in the industrial, packaging and insurance segments, while several companies linked to fisheries, refining and industrial pipes recorded notable declines. Overall index movement remained modest.