Market close overview
Saudi Arabia's equity market finished in negative territory on Thursday, with the Tadawul All Share index closing down 0.22%. Sector pressure came primarily from Energy & Utilities, Building & Construction and Cement, which weighed on the broader market at the bell.
Top and bottom movers
Among individual stocks, Maharah for Human Resources (TADAWUL:1831) led gains, rising 7.36% - an increase of 0.46 points - to finish at 6.71. United International Holding (TADAWUL:4083) climbed 2.80% or 1.20 points to close at 44.00, and Sedco Capital REIT (TADAWUL:4344) advanced 2.65% or 0.20 points to end the session at 7.76.
On the downside, Emaar The Economic City (TADAWUL:4220) was the weakest performer among active names, dropping 4.52% or 0.50 points to settle at 10.56. National Agriculture Development Co (TADAWUL:6010) declined 4.18% or 0.71 points to 16.29, and Umm Al Qura for Development and Construction Company SCJSC (TADAWUL:4325) fell 4.15% or 0.65 points to 15.02.
Market breadth and notable price milestones
Decliners outnumbered advancers on the Saudi Stock Exchange, with 199 stocks falling versus 132 that rose, while 22 issues finished unchanged. Sedco Capital REIT (TADAWUL:4344) reached a 52-week high during the session, gaining 2.65% to 7.76. In contrast, Umm Al Qura for Development and Construction Company SCJSC (TADAWUL:4325) moved to an all-time low at 15.02 after a 4.15% decline.
Commodities and currencies
Energy and commodity markets moved lower in tandem with the regional equity weakness. Crude oil for June delivery fell 0.41% (0.41) to $100.61 a barrel. Brent for July delivery slipped 0.55% (0.58) to $105.05 a barrel. Precious metals also eased, with the June Gold Futures contract down 0.05% (2.20) to trade at $4,704.50 a troy ounce.
On the currency front, EUR/SAR was unchanged at 4.39 (0.09%), while USD/SAR was unchanged at 3.75 (0.00%). The US Dollar Index Futures rose 0.09% to 98.51.
What this means
The close reflects selective stock strength amid broader sector weakness. While several mid-cap names recorded gains, losses were more widespread across sectors tied to energy, building and cement, contributing to the modest decline in the Tadawul All Share.