Saudi Arabian equities finished the trading day in positive territory on Tuesday, with the Tadawul All Share ending the session up 0.52% and marking a new three-month high. Sector strength in Media & Publishing, Energy & Utilities and Building & Construction helped drive the advance.
Top movers
The leading winners on the Tadawul All Share included Al Sorayai Trading & Industrial Group (TADAWUL:1213), which climbed 9.92% - a rise of 2.36 points - to close at 26.14. Abdullah Saad Mohammed Abo Moati Stationeries Co (TADAWUL:4191) gained 8.54% or 3.50 points to finish at 44.50. Al ELM Information Security Company CJSC (TADAWUL:7203) was up 7.04%, adding 38.50 points to end the day at 585.50.
Underperformers
On the downside, Yamamah Saudi Cement Co. (TADAWUL:3020) dropped 4.61% - a fall of 1.17 points - to close at 24.23. Rabigh Refining & Petrochemical Co (TADAWUL:2380) declined 2.30% or 0.25 points to settle at 10.64, and SNB Capital Funds of REITs Fund Unit (TADAWUL:4338) slipped 2.12% or 0.14 points to end at 6.45.
Market breadth and context
Advancing issues outnumbered decliners on the Saudi Arabia Stock Exchange by 252 to 86, while 12 stocks finished unchanged. The breadth indicates a session where winners considerably exceeded losers across the exchange.
Commodities and currencies
Energy markets moved lower during the session. Crude oil for May delivery fell 3.07%, a decline of $3.04, to $96.04 a barrel. Brent oil for June delivery lost 1.47% or $1.46, finishing at $97.90 a barrel. Precious metals showed a gain for gold: the June Gold Futures contract rose 0.50% or $23.86 to trade at $4,791.26 a troy ounce.
In foreign exchange, EUR/SAR was up 0.36% at 4.43, while USD/SAR was effectively unchanged, moving 0.01% to 3.75. The US Dollar Index Futures slipped 0.32% to 97.85.
What the session shows
The trading day combined sector-led advances with selective declines, and was accompanied by notable moves in oil and other markets. Market participants will likely monitor how commodity and currency fluctuations interact with sector performance in coming sessions.
Note: All percentage and price moves reflect the close of trading on Tuesday as reported.