Saudi Arabian equities finished the session in positive territory on Tuesday, as sector-level strength in industrial investment, cement and insurance helped lift the broader market.
At the close, the Tadawul All Share rose 0.32% to record a new one-month high.
Top gainers
The leading stocks on the index included United Wire Factories Company (TADAWUL:1301), which gained 9.94% - a rise of 1.62 points - to finish at 17.91. The Mediterranean&Gulf Insurance Co (TADAWUL:8030) added 8.97%, or 1.40 points, to close at 17.00. Saudi Printing & Packaging Company (TADAWUL:4270) also posted a significant advance, up 6.85% or 0.59 points, settling at 9.20.
Largest decliners
On the downside, Al Etihad Cooperative Insurance Co SJSC (TADAWUL:8170) was the session's weakest performer, falling 7.73%, a decline of 0.58 points, to end at 6.92. Dallah Healthcare Holding Company (TADAWUL:4004) dropped 5.83%, or 6.50 points, to close at 104.90. Mutakamela Insurance Co (TADAWUL:8040) fell 4.54% - a decrease of 0.59 points - to trade at 12.40.
Market breadth was tilted to the upside, with 234 stocks rising versus 90 that declined, while 22 issues finished unchanged.
Commodities and currencies
Energy prices slipped during the session. Crude oil for September delivery fell 2.99%, a decline of $2.40, to $77.94 per barrel. Brent oil for October delivery decreased 2.29%, or $1.92, to $81.85 a barrel. In contrast, the December Gold Futures contract increased 1.10%, up $45.20, to trade at $4,135.70 a troy ounce.
Currency moves against the riyal were modest. EUR/SAR rose 0.14% to 4.33, while USD/SAR was effectively unchanged, moving 0.01% to 3.76.
The US Dollar Index Futures was unchanged at 0.00%, quoted at 99.78.
This session's data highlights a market where sector-specific rallies drove the broader index higher despite weakness in energy prices. The highest and lowest individual stock moves were concentrated in industrial and insurance names.