Saudi Arabian equities closed slightly higher on Tuesday, with gains concentrated in the Telecoms & IT, Cement and Financial Services sectors driving the market up at the bell.
The Tadawul All Share ended the session up 0.05%, closing at 11,015.55, a rise of 6.03 points or 0.05%.
Top performers
- Saudi Cable Company (TADAWUL:2110) led advancers, jumping 4.62% - a gain of 6.70 points - to finish at 151.70.
- Arabian Pipes Company (TADAWUL:2200) gained 4.51%, up 0.33 points to close at 7.65.
- Alujain Corporation (TADAWUL:2170) added 4.00%, rising 1.12 points to end the day at 29.12.
Lagging stocks
- Saudi Industrial Development Co. (TADAWUL:2130) was the weakest name on the board, falling 5.04% or 0.77 points to 14.50 at the close.
- Saleh Abdulaziz Al Rashed And Sons (TADAWUL:1324) dropped 4.39%, down 2.10 points to 45.70.
- Rasan Information Technology (TADAWUL:8313) declined 4.38%, a fall of 6.60 points to finish at 144.00.
Market breadth was tilted to the downside. Decliners outnumbered advancers by 202 to 133, while 23 stocks finished unchanged.
Arabian Pipes Company (TADAWUL:2200) reached a 52-week high in the session, advancing 4.51% to close at 7.65.
Commodities and currency moves
Energy and precious metals prices saw modest moves during the trading day. Crude oil for July delivery fell 1.02% - down $0.94 - to $91.22 a barrel. Brent crude for August delivery slipped 0.93%, a decline of $0.88, to $94.10 a barrel. In metals, the August Gold Futures contract rose 1.07%, up $48.42, to trade at $4,554.72 a troy ounce.
Currency flows were relatively quiet in Gulf pairs. EUR/SAR was up 0.21% to 4.37, while USD/SAR was essentially unchanged, moving 0.01% to 3.75. The US Dollar Index Futures traded lower by 0.11% at 99.04.
The session left the main index with a marginal gain and a mixed sector profile, with narrower participation a feature of the day.