Saudi Arabia's equity market ended the trading session in positive territory on Monday, with broad gains concentrated in the Insurance, Real Estate Development and Cement sectors. The Tadawul All Share finished the day up 1.38%.
On a stock-by-stock basis, the strongest performers included Saudi Pharmaceutical Appliances (TADAWUL:2070), which climbed 7.26% - a 1.96 point rise - to close at 28.94. Rasan Information Technology (TADAWUL:8313) advanced 6.51%, adding 8.80 points to finish at 144.00, reaching an all-time high in the process. Knowledge Economic City (TADAWUL:4310) also posted a notable gain, rising 6.25% or 0.77 points to end the session at 13.09.
At the other end of the tape, Najran Cement Company (TADAWUL:3002) was the weakest of the listed movers, slipping 2.11% or 0.14 points to close at 6.49. Al Masane Al Kobra Mining Company CJSC (TADAWUL:1322) declined 2.00%, losing 2.10 points to finish at 103.10, while Saudi Cable Company (TADAWUL:2110) fell 1.88% or 3.20 points to end the day at 166.80.
Market breadth favored advancers: 251 stocks rose versus 83 that fell, and 17 issues were unchanged at the close.
In commodities trading, crude oil for March delivery weakened 4.55%, a drop of 2.97, settling at $62.24 per barrel. Brent oil for April delivery fell 4.33% or 3.00 to $66.32 a barrel. Precious metals saw strength as the April Gold Futures contract rose 1.65%, an increase of 78.11, to trade at $4,823.21 a troy ounce.
Foreign-exchange measures showed very small moves in the riyal crosses: EUR/SAR was effectively unchanged, moving 0.02% to 4.44, while USD/SAR was also unchanged by 0.02% at 3.75. The US Dollar Index Futures traded higher, up 0.23% at 97.08.
Market context and observations
- Sector leadership came from Insurance, Real Estate Development and Cement, which collectively helped lift the broader index.
- Individual stock momentum was strong in select industrial and technology-related names, with one constituent reaching a record price during the session.
- Energy commodities moved lower on the day, a notable input for the regional economy and for energy-linked equities.
Notable breadth and extremes
- Advancers outnumbered decliners by a margin of 251 to 83, with 17 stocks unchanged.
- Rasan Information Technology (TADAWUL:8313) set an all-time high, climbing to 144.00.
This report presents closing prices and session moves as recorded at the Saudi market close on Monday.