Saudi Arabia's equity market finished the trading day in negative territory on Tuesday, as multiple sectors recorded declines and selling pressure outweighed buying interest.
At the close, the Tadawul All Share had dropped 1.55%.
The session's top performers included Consolidated Grunenfelder Saady Holding Co (TADAWUL:4147), which gained 6.10% or 0.42 points to finish at 7.30. Tourism Enterprise Co. (TADAWUL:4170) rose 2.84% or 0.42 points to end the day at 15.20, and Kingdom Holding Company (TADAWUL:4280) advanced 2.49% or 0.24 points to close at 9.88.
On the downside, Saudi Pharmaceutical Appliances (TADAWUL:2070) posted the largest decline among stocks cited, slipping 7.64% or 2.40 points to close at 29.00. Saudi Arabia Refineries Co. (TADAWUL:2030) fell 6.72% or 3.22 points to 44.68, while Tabuk Agriculture Development Co (TADAWUL:6040) lost 6.61% or 0.46 points to finish at 6.50.
Market breadth was decisively negative: declining issues outnumbered advancing ones by 304 to 34, with 15 stocks unchanged on the Saudi Arabia Stock Exchange.
Notably, shares of Saudi Arabia Refineries Co. (TADAWUL:2030) touched a five-year low in the session, closing down 6.72% at 44.68.
Commodities trading in the session showed a mixed picture. Crude oil for May delivery rose 2.63% or $2.96 to $115.37 a barrel. Brent oil for June delivery was up 0.85% or $0.93, reaching $110.70 a barrel. By contrast, the June Gold Futures contract eased 0.06% or $2.80 to trade at $4,681.90 a troy ounce.
In currency markets, the euro-denominated Saudi riyal cross (EUR/SAR) climbed 0.23% to 4.34, while the U.S. dollar-denominated riyal cross (USD/SAR) was effectively unchanged, moving 0.01% to 3.76. The US Dollar Index Futures slipped 0.06% to 99.75.
This trading session was characterized by sector-led selling in Media & Publishing, Building & Construction and Energy & Utilities, alongside divergent moves in commodities and minor currency shifts.
Data snapshot
- Tadawul All Share -1.55% at close
- Top gainers cited: TADAWUL:4147, TADAWUL:4170, TADAWUL:4280
- Top decliners cited: TADAWUL:2070, TADAWUL:2030, TADAWUL:6040
- Decliners vs Advancers: 304 vs 34; 15 unchanged
- Crude (May) $115.37/bbl; Brent (June) $110.70/bbl; Gold (June) $4,681.90/oz
- EUR/SAR 4.34; USD/SAR 3.76; US Dollar Index Futures 99.75