Saudi Arabia's equity market ended Thursday's trading in negative territory, with the Tadawul All Share closing down 1.20% as several key sectors gave back ground.
Losses were driven by weakness in the Industrial Investment, Financial Services and Agriculture & Food sectors, which together weighed on the overall market performance.
Top gainers
- Saudi Darb Investment Co (TADAWUL:4130) led advances, rising 8.06% or 0.17 points to finish at 2.28.
- Rabigh Refining & Petrochemical Co (TADAWUL:2380) added 6.88% or 0.74 points to close at 11.50.
- BAAN Holding Group Company SJSC (TADAWUL:1820) gained 6.06% or 0.12 points to end the session at 2.10.
Largest decliners
- Advanced Petrochemical Company (TADAWUL:2330) posted the steepest loss, down 6.82% or 1.84 points to 25.14 at the close.
- SABIC AgriNutrients Co (TADAWUL:2020) fell 5.05% or 7.50 points to finish at 141.00.
- National Industrialization Co (TADAWUL:2060) declined 4.71% or 0.49 points to 9.91.
Market breadth skewed heavily to the downside: 250 stocks fell versus 74 that advanced, while 21 issues ended the day unchanged.
Rabigh Refining & Petrochemical Co (TADAWUL:2380) recorded a new 52-week high in the session as the stock rose 6.88% to 11.50.
Commodities and FX
- Crude oil for June delivery dipped 0.08% or 0.07 to $92.89 a barrel.
- Brent oil for June settlement fell 0.09% or 0.09 to $101.82 a barrel.
- The June Gold Futures contract rose 0.09% or 4.45 to trade at $4,757.45 a troy ounce.
- EUR/SAR was effectively unchanged, recorded at 4.39 (0.06%), while USD/SAR was unchanged at 3.75 (0.01%).
The US Dollar Index Futures moved up 0.09% to 98.50.
The session closed with the Tadawul All Share off 1.20%, reflecting the uneven sector performance and the broad number of declining issues.
Summary
Thursday's trading saw the Tadawul All Share fall 1.20% as losses in multiple sectors outnumbered gains, with notable strength in a handful of petrochemical and refining-related names and one stock reaching a 52-week high.