Stock Markets July 23, 2026 08:45 AM

Tadawul Edges Higher as Industrial Investment, Energy & Utilities, Insurance Lift Market

Saudi benchmark posts modest gains as select industrial and healthcare names lead advances; oil prices move sharply higher

By Ajmal Hussain
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Saudi Arabia's stock market closed higher on Thursday, with the Tadawul All Share index up 0.27% as gains in Industrial Investment, Energy & Utilities and Insurance sectors supported the advance. Several individual stocks recorded double-digit percentage moves while market breadth was narrowly positive. Crude oil and Brent futures surged, and the US Dollar Index climbed as well.

Tadawul Edges Higher as Industrial Investment, Energy & Utilities, Insurance Lift Market
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Key Points

  • Tadawul All Share closed up 0.27%, led by gains in Industrial Investment, Energy & Utilities and Insurance sectors.
  • Top winners included Electrical Industries Co (+9.93%), National Medical Care Company (+5.50%), and Ataa Educational Co (+5.40%), while Raoom Trading, Dar Alarkan and Jamjoom Pharmaceuticals recorded the largest declines.
  • Crude and Brent futures rose sharply - September crude at $90.89 a barrel and Brent at $99.55 - while August Gold Futures fell to $4,071.77 a troy ounce; EUR/SAR weakened and USD/SAR was essentially unchanged.

Saudi Arabia equities finished with modest gains after the close on Thursday, pushed by strength in Industrial Investment, Energy & Utilities and Insurance sectors. At the closing bell, the Tadawul All Share index had risen 0.27%.

Certain mid- and small-cap names delivered the session's largest moves. Electrical Industries Co (TADAWUL:1303) topped the leaderboard, climbing 9.93% - an increase of 1.34 points to finish at 14.83. National Medical Care Company (TADAWUL:4005) added 5.50%, gaining 6.00 points to close at 115.00, while Ataa Educational Co (TADAWUL:4292) rose 5.40%, up 2.42 points to 47.20.

On the downside, Raoom Trading Company SJSC (TADAWUL:4144) led losses, dropping 4.43% or 3.50 points to end at 75.50. Dar Alarkan Real Estate Development (TADAWUL:4300) fell 3.27%, down 0.65 points to 19.20, and Jamjoom Pharmaceuticals Factory Company SJSC (TADAWUL:4015) declined 2.86% or 4.20 points to 142.40.

Market breadth was narrowly positive, with 158 advancing issues versus 153 decliners on the Saudi Arabia Stock Exchange; 19 stocks finished unchanged.


Commodities and currency movements accompanied the equity action. Crude oil for September delivery rose 4.68% - an increase of $4.06 - reaching $90.89 per barrel. Brent oil for September delivery climbed 5.83% or $5.48 to settle at $99.55 a barrel. In metals, the August Gold Futures contract fell 1.93%, down $80.13 to trade at $4,071.77 per troy ounce.

In foreign exchange trading, the euro traded weaker against the Saudi riyal, with EUR/SAR down 0.25% to 4.27. USD/SAR was effectively unchanged, moving 0.01% to 3.75. The US Dollar Index Futures was higher as well, up 0.30% at 101.25.

The session highlighted a market where sector leadership in industrials, energy and insurance coincided with notable moves in individual names, while global commodity price swings and currency behavior added layers of volatility to investor considerations.

Risks

  • Sharp rises in oil prices - both crude and Brent increased notably - could introduce volatility to energy-related stocks and broader market sentiment.
  • Declines in gold futures may reflect shifts in risk appetite or hedging behavior that could influence sectors exposed to commodity-linked flows.
  • Narrow market breadth, with advancing issues only slightly outnumbering decliners, suggests gains were concentrated and could be vulnerable if sentiment turns.

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