Saudi Arabian equities finished slightly higher at the close on Sunday, with the Tadawul All Share registering a 0.05% gain. Sector advances in Media & Publishing, Transport and Cement were cited as the main contributors to the modest rise.
Several stocks recorded sharp single-session moves. The top performer on the Tadawul All Share was Red Sea Housing Services Company (TADAWUL:4230), which climbed 9.98% - a rise of 2.45 points - to close at 27.00. Saudi Enaya Cooperative Insurance (TADAWUL:8311) followed, advancing 9.95% or 0.94 points to finish at 10.39. Saudi Industrial Investment Group (TADAWUL:2250) gained 8.24%, up 1.15 points, closing the session at 15.10.
On the downside, Rabigh Refining & Petrochemical Co (TADAWUL:2380) led decliners, dropping 4.86% or 0.72 points to end at 14.11. Al Sorayai Trading & Industrial Group (TADAWUL:1213) fell 4.49%, down 1.16 points to 24.70, while Dr Sulaiman Al Habib Medical Group (TADAWUL:4013) declined 4.29% or 10.40 points to close at 232.00.
Market breadth favored advancers: 222 stocks rose, 102 declined and 30 were unchanged on the Saudi Arabia Stock Exchange.
Commodities and currency moves
Commodity markets showed notable movement during the session. Crude oil for June delivery fell 2.98% - a loss of 3.13 - to trade at $101.94 a barrel. Brent oil for July delivery slipped 5.12% or 5.84 to $108.17 a barrel. Precious metals posted a gain: the June Gold Futures contract rose 0.32% or 15.00 to trade at $4,661.40 a troy ounce.
Currency pairs were relatively stable. EUR/SAR was unchanged 0.09% to 4.40, while USD/SAR was unchanged 0.00% to 3.75. The US Dollar Index Futures was up 0.09% at 98.01.
What to watch
The session produced a mix of pronounced winners and losers despite the small net change in the index. Sector-level strength was recorded in Media & Publishing, Transport and Cement, while individual companies across petrochemicals, trading and healthcare posted notable declines. Commodity price moves during the session were also a prominent feature.
Information in this report is limited to market moves, individual stock performances and quoted commodity and currency figures cited above.