Saudi Arabian equities finished higher on Thursday, with the Tadawul All Share index up 0.75% at the market close. Broad sector strength in Energy & Utilities, Cement and Petrochemicals supported the advance, while individual stock swings left the market nearly balanced between winners and losers.
Among individual contributors, International Company for Water and Power Projects (ACWA Power) (TADAWUL:2082) recorded the session's largest gains, rising 9.96% - equal to a 16.50-point advance - to finish at 182.10. AL JOUF CEMENT COMPANY (TADAWUL:3091) also climbed 9.96%, a 0.50-point increase that took its close to 5.52. Al ELM Information Security Company CJSC (TADAWUL:7203) rose 9.95%, adding 59.50 points to end the day at 657.50.
On the downside, Saudi Public Transport Co. (TADAWUL:4040) lost 10.00%, a decline of 1.19 points, closing at 10.71. United Int Transportation Company (TADAWUL:4260) dropped 9.96% or 4.00 points to close at 36.18, marking a move down to three-year lows for the stock. Savola Group (TADAWUL:2050) was lower by 8.12%, a fall of 2.18 points to 24.66.
By count, advancing issues narrowly outnumbered decliners on the Saudi exchange, with 166 stocks higher versus 157 that fell; 26 shares finished unchanged.
Commodity markets saw notable moves during the session. Crude oil for June delivery declined 4.87%, falling $4.63 to $90.45 a barrel. Brent crude for July delivery decreased 4.44%, down $4.50 to $96.77 a barrel. Precious metals moved in the opposite direction: the June Gold Futures contract rose 1.45%, a gain of $68.04, to trade at $4,762.34 per troy ounce.
Currency action included a 0.19% rise in the euro against the Saudi riyal, with EUR/SAR at 4.41, while USD/SAR rose 0.35% to 3.76. The US Dollar Index Futures was down 0.18% at 97.69.
Separate market commentary in the session highlighted an AI-driven strategy product that evaluates individual companies such as 2050 using more than 100 financial metrics. That commentary noted the product scans thousands of firms monthly to identify potential ideas based on fundamentals, momentum and valuation and cited past winners from its process. The commentary described the tool as unbiased and focused on risk-reward assessments among available stocks.
Market breadth in Saudi Arabia on the day and the pronounced single-stock moves underscore a session led by sector gains but punctuated by sharp declines in selected transportation and consumer-oriented names. Oil's pullback contrasted with the equity advance and may point to divergent short-term moves between energy commodity pricing and listed energy-related equities during this session.