Saudi Arabian equities ended the trading day in positive territory on Tuesday, with the Tadawul All Share index finishing up 1.30%.
Sector leadership came from Energy & Utilities, Media & Publishing and Insurance, which collectively helped push the broader index higher by the close.
Top gainers
The session's strongest performers on the Tadawul All Share included United Cooperative Assurance Co (TADAWUL:8190), which climbed 9.90% - an increase of 0.30 points - to finish at 3.33. International Company for Water and Power Projects (ACWA Power) (TADAWUL:2082) rose 7.73%, or 14.50 points, to close at 202.20. Gulf General Cooperative Insurance (TADAWUL:8260) also recorded solid gains, advancing 6.40% or 0.24 points to 3.99 in late trading.
Largest decliners
At the other end of the tape, Rabigh Refining & Petrochemical Co (TADAWUL:2380) fell 5.92%, a drop of 0.90 points, to end at 14.30. Al Taiseer Group TALCO Industrial Company SCJSC (TADAWUL:4143) declined 5.28% or 1.96 points to finish at 35.16. Marketing Home Group for Trading Co (TADAWUL:4194) lost 4.28%, closing down 2.06 points at 46.04.
Market breadth showed more advancing issues than decliners, with 239 stocks higher versus 76 that fell, while 16 issues finished unchanged.
Commodities and FX
In commodity markets, crude oil prices moved lower: July delivery crude fell 2.08%, down $1.90, to $89.40 a barrel. Brent for August delivery slipped 1.51%, or $1.42, to $92.83 a barrel. Precious metals were relatively flat, with the August Gold Futures contract ticking up 0.03% - an increase of $1.42 - to trade at $4,364.82 a troy ounce.
On foreign exchange crosses, EUR/SAR rose 0.34% to 4.34, while USD/SAR was unchanged at 3.75. Separately, the US Dollar Index Futures was reported down 0.34% at 99.68.
This session combined broad sector strength with select, notable declines among petrochemical, industrial and trading firms, against a backdrop of weaker crude oil benchmarks and a largely stable currency environment.