Saudi Arabian equities ended the trading session in negative territory on Sunday as losses in several major sectors pushed the benchmark lower.
The Tadawul All Share slipped 0.23% at the close, recording its lowest level in three months. Market breadth favored decliners: 206 issues fell, 118 advanced and 24 finished unchanged on the Saudi Arabia Stock Exchange.
Among individual movers, Mutakamela Insurance Co (TADAWUL:8040) led gainers, jumping 9.94% or 0.90 points to finish at 9.95. Saudi Fisheries Co. (TADAWUL:6050) rose 9.92% or 5.90 points to close at 65.35, while Salama Cooperative Insurance Co (TADAWUL:8050) increased 9.90% or 0.81 points to end trading at 8.99.
On the downside, Al Mawarid Manpower Company SCJSC (TADAWUL:1833) fell 4.00% or 4.20 points to settle at 100.90. Arabian Mills for Food Products (TADAWUL:2285) declined 3.58% or 1.76 points to close at 47.42, and International Company for Water and Power Projects (ACWA Power) (TADAWUL:2082) was down 2.97% or 5.90 points to 192.60 at the sessions end.
Commodity markets saw notable moves that corresponded with the equity weakness. U.S. crude for August delivery dropped 3.74% or $2.69 to trade at $69.23 a barrel. Brent for September delivery fell 3.84% or $2.90 to $72.60 a barrel. In metals, the August Gold Futures contract climbed 1.20% or $48.70 to trade at $4,096.30 a troy ounce.
Foreign exchange rates reported small changes: EUR/SAR was up 0.14% at 4.28, while USD/SAR was essentially unchanged, moving 0.01% to 3.76. The U.S. Dollar Index Futures was down 0.07% at 101.13.
Key session figures:
- Tadawul All Share -0.23% (three-month low)
- Advancers: 118 | Decliners: 206 | Unchanged: 24
- Top gainers: 8040 +9.94% (9.95), 6050 +9.92% (65.35), 8050 +9.90% (8.99)
- Top losers: 1833 -4.00% (100.90), 2285 -3.58% (47.42), 2082 -2.97% (192.60)
- Crude oil (Aug) $69.23 -3.74% | Brent (Sep) $72.60 -3.84% | Gold (Aug) $4,096.30 +1.20%
The session highlighted divergence within the market: while several insurers and a fisheries company registered strong percentage gains, larger sectoral declines in Energy & Utilities, Retail and Transport coincided with a modest slide in the benchmark index.