Saudi Arabia's stock market closed lower on Wednesday, with the Tadawul All Share slipping 0.17% at the end of trading as several sector groups lost ground. The session's downward pressure was concentrated in pockets of the market including Industrial Investment, Media & Publishing and Agriculture & Food, which collectively helped push the index into negative territory.
On the leaderboard among individual issues, Sustained Infrastructure Holding Company SJSC (TADAWUL:2190) was the day's top performer, finishing up 8.70% or 2.88 points to close at 36.00. Alinma Retail REIT Fund Unit (TADAWUL:4345) also registered a strong gain, climbing 4.66% or 0.21 points to end the session at 4.72. Rabigh Refining & Petrochemical Co (TADAWUL:2380) added 4.58% or 0.70 points to finish at 16.00.
On the downside, Wafrah for Industry and Development Company SJSC (TADAWUL:2100) recorded the largest decline of the day, falling 6.79% or 1.46 points to close at 20.04. Saleh Abdulaziz Al Rashed And Sons (TADAWUL:1324) dropped 4.67% or 2.50 points to finish at 51.05, while Saudia Dairy and Foodstuff .Co (TADAWUL:2270) was down 3.54% or 7.90 points to 215.50 by the close.
Market breadth was tilted toward declines: 217 stocks fell, 121 advanced and 14 ended unchanged on the Saudi Arabia Stock Exchange.
Rabigh Refining & Petrochemical Co (TADAWUL:2380) moved to a three-year high in the session, rising 4.58% or 0.70 to reach 16.00.
Commodities were mixed but generally firmer during the session. Crude oil for June delivery gained 0.38% or 0.39 to trade at $102.57 a barrel. Brent crude for July delivery rose 0.17% or 0.18 to $107.95 a barrel. In precious metals, the June Gold Futures contract advanced 0.09% or 4.00 to trade at $4,690.70 a troy ounce.
Currency and index futures showed modest moves. EUR/SAR declined 0.27% to 4.39 while USD/SAR was unchanged at 3.75. The US Dollar Index Futures was up 0.27% at 98.44.
Additional market identifiers and intraday change markers noted in the session included DX +0.28%, GC +0.17% and CL -0.06%, alongside the Tadawul All Share -0.17% and individual security moves such as 2100 -6.79%, 2270 -3.54%, 2190 +8.70%, 2380 +4.58%, 4345 +4.66% and 1324 -4.67%.
The article also included a trade-focused prompt referencing security 2100 and an associated chart-analysis tool offering entry, stop-loss and profit-target guidance for traders considering a position in that name.
Data snapshot
- Tadawul All Share -0.17% at close
- Sustained Infrastructure Holding Company SJSC (2190): +8.70% to 36.00
- Alinma Retail REIT Fund Unit (4345): +4.66% to 4.72
- Rabigh Refining & Petrochemical Co (2380): +4.58% to 16.00 (three-year high)
- Wafrah for Industry and Development Company SJSC (2100): -6.79% to 20.04
- Saleh Abdulaziz Al Rashed And Sons (1324): -4.67% to 51.05
- Saudia Dairy and Foodstuff .Co (2270): -3.54% to 215.50
- Decliners: 217; Advancers: 121; Unchanged: 14
- Crude (June): $102.57 a barrel (+0.38%)
- Brent (July): $107.95 a barrel (+0.17%)
- Gold (June futures): $4,690.70 a troy ounce (+0.09%)
- EUR/SAR: 4.39 (-0.27%); USD/SAR: 3.75 (0.00%)
- US Dollar Index Futures: 98.44 (+0.27%)