Saudi Arabia's stock market ended Tuesday in negative territory, with the Tadawul All Share retreating 1.07% at the close. The session's decline was led by weakness in the Energy & Utilities, Media & Publishing and Transport sectors, which weighed on overall market performance.
Top gainers
- Saudi Real Estate Co. (TADAWUL:4020) posted the session's largest advance, rising 6.27% - an increase of 0.91 points to finish at 15.42.
- Middle East Specialized Cables Co (TADAWUL:2370) climbed 5.97%, adding 1.94 points to close at 34.44.
- Almasar Alshamil Education Company CJSC (TADAWUL:6019) rose 5.56%, up 1.14 points to 21.63 at the close.
Largest decliners
- Saudi Automotive Services Co. (TADAWUL:4050) sank 9.98% - a drop of 4.98 points to end the day at 44.94.
- Saleh Abdulaziz Al Rashed And Sons (TADAWUL:1324) decreased 9.92%, falling 5.90 points to 53.55.
- Obeikan Glass Co (TADAWUL:4145) fell 8.93%, losing 2.35 points to trade at 23.97 at the close.
Market breadth favored decliners: falling stocks outnumbered advancing ones by 248 to 99 on the Saudi Arabia Stock Exchange, while 10 issues finished unchanged.
Notable price extremes were recorded in the session. Shares of Saudi Automotive Services Co. (TADAWUL:4050) moved down to 52-week lows, closing at 44.94 after the 9.98% decline. In contrast, Middle East Specialized Cables Co (TADAWUL:2370) reached 52-week highs, closing at 34.44 after a 5.97% rise.
Commodities and FX
Energy markets were firmer on the day. Crude oil for June delivery rose 3.26%, or $3.20, settling at $101.27 a barrel. Brent crude for July delivery gained 3.32%, or $3.46, to close at $107.67 a barrel. Precious metals were softer as June Gold Futures fell 0.37%, or $17.70, to trade at $4,711.00 a troy ounce.
Currency moves included EUR/SAR slipping 0.32% to 4.41, while USD/SAR was essentially unchanged, moving 0.01% to 3.75. The US Dollar Index Futures finished the session up 0.34% at 98.15.
Closing observations
The session featured a concentrated set of winners and losers, with a few stocks posting double-digit percentage moves in either direction. Energy-linked commodity strength coincided with a broader decline in the Tadawul All Share, underscoring mixed influences across markets during the trading day.