Saudi Arabia's stock market finished marginally higher on Monday, with sector-level strength in Insurance, Energy & Utilities and Telecoms & IT supporting overall gains. At the close, the Tadawul All Share had increased by 0.41%.
Among individual stocks, Consolidated Grunenfelder Saady Holding Co (TADAWUL:4147) led the advance, climbing 7.77% - an increase of 0.59 points to close at 8.18. National Company for Learning and Education SJSC (TADAWUL:4291) also registered a strong move, adding 6.70% or 8.10 points to finish at 129.00. Amana Cooperative Insurance Co (TADAWUL:8310) rose 4.33%, up 0.32 points to 7.71 by the close of trade.
Not all names participated in the rally. Kingdom Holding Company (TADAWUL:4280) was the session's weakest large-cap, sliding 4.31% or 0.61 points to end at 13.55. Al Dawaa Medical Services Co (TADAWUL:4163) declined 4.06%, down 1.86 points to 44.00, while Saudi Arabian Cooperative Insurance (TADAWUL:8100) fell 2.99% or 0.29 points to close at 9.40.
Market breadth favored decliners by the close, with 204 stocks falling versus 122 advancing; 19 issues finished unchanged. The trading day also saw a notable low for Al Dawaa Medical Services Co (TADAWUL:4163), which traded at an all-time low of 44.00 during the session.
Commodity markets registered mixed moves that accompanied regional equity trade. Crude oil for July delivery rose 1.06%, gaining 0.96 to settle at $91.50 a barrel. Brent oil for August delivery increased by 1.47%, up 1.37 to reach $94.46 a barrel. By contrast, the August Gold Futures contract declined 0.11%, slipping 4.71 to trade at $4,360.59 per troy ounce.
Foreign-exchange measures showed modest movement: EUR/SAR was up 0.19% to 4.33, while USD/SAR was essentially unchanged, moving 0.03% to 3.76. The US Dollar Index Futures traded lower, down 0.42% at 99.63 by the reported time.
Overall, the session was characterized by selective gains concentrated in insurance, energy-related and telecoms and IT names, set against a backdrop of higher oil benchmarks and a slightly softer dollar in futures trading. Market breadth and the intra-session lows recorded in some healthcare shares underscore the uneven nature of participation across sectors.
Market snapshot - close highlights
- Tadawul All Share - up 0.41%
- Leading gainers: TADAWUL:4147 (+7.77%), TADAWUL:4291 (+6.70%), TADAWUL:8310 (+4.33%)
- Largest decliners: TADAWUL:4280 (-4.31%), TADAWUL:4163 (-4.06%), TADAWUL:8100 (-2.99%)
- Advancers versus decliners: 122 up, 204 down, 19 unchanged