Saudi equity markets closed lower on Tuesday, with the Tadawul All Share slipping 0.77% at the end of trading. A larger number of issues retreated than advanced as losses were concentrated in Media & Publishing, Transport and Hotels & Tourism.
The session’s top performers included Tourism Enterprise Co. (TADAWUL:4170), which gained 9.40% or 1.29 points to finish at 15.02. SHL Financing Company SJSC (TADAWUL:1183) rose 4.51% or 0.69 points to close at 16.00, and Almasar Alshamil Education Company CJSC (TADAWUL:6019) added 3.56% or 0.82 points to end the day at 23.88.
On the downside, Al Masane Al Kobra Mining Company CJSC (TADAWUL:1322) led losses, dropping 6.61% or 6.80 points to a close of 96.00. Al Moammar Information Systems Co CJSC (TADAWUL:7200) declined 5.14% or 8.90 points to 164.20, while National Company for Learning and Education SJSC (TADAWUL:4291) fell 4.60% or 6.00 points to 124.30.
Market breadth was negative: falling stocks outnumbered advancing ones by 276 to 68, and 13 issues finished unchanged.
National Company for Learning and Education SJSC (TADAWUL:4291) registered a 52-week low in the session, moving down 4.60% or 6.00 points to 124.30.
Commodities and currency markets moved alongside equities. Crude oil for April delivery was up 1.47% or 0.92 to $63.67 a barrel, and Brent oil for April delivery rose 0.15% or 0.10 to $68.75 a barrel. The April Gold Futures contract declined 1.77% or 89.19 to trade at $4,957.11 a troy ounce.
Foreign exchange rates cited on the close showed EUR/SAR down 0.16% at 4.44, while USD/SAR was unchanged at 3.75. The US Dollar Index Futures was firmer, up 0.37% at 97.18.
Below are the session highlights and areas of note for market participants.
- Index movement: Tadawul All Share -0.77% at close.
- Winners: Tourism Enterprise Co., SHL Financing, Almasar Alshamil Education.
- Losers: Al Masane Al Kobra Mining, Al Moammar Information Systems, National Company for Learning and Education.
- Breadth: Decliners 276, Advancers 68, Unchanged 13.