Saudi equity markets finished the trading day in positive territory on Tuesday, driven by advances in industrial investment, petrochemicals and cement-related shares. The Tadawul All Share index closed up 0.73%.
Market leaders included Yanbu National Petrochemical Co (TADAWUL:2290), which posted the session's largest percentage increase, rising 9.94% - an increase of 2.43 points - to finish at 26.88. National Gas & Industrialization Co (TADAWUL:2080) followed with a 9.85% gain, adding 7.35 points to close at 82.00. Electrical Industries Co (TADAWUL:1303) also contributed to the upside, rising 5.64% or 0.80 points to end the day at 14.99.
On the downside, SHL Financing Company SJSC (TADAWUL:1183) recorded the steepest drop, falling 8.90% - a loss of 1.30 points - to close at 13.30. Al Masane Al Kobra Mining Company CJSC (TADAWUL:1322) declined 8.10%, down 7.95 points to 90.25, and Al ELM Information Security Company CJSC (TADAWUL:7203) fell 7.26%, a drop of 41.00 points to settle at 524.00.
Decliners outnumbered advancers on the Saudi Arabia Stock Exchange, with 209 stocks down versus 115 that advanced; 17 issues finished unchanged.
Two companies recorded milestone low prices during the session. Shares of SHL Financing Company SJSC (TADAWUL:1183) fell to all-time lows, closing at 13.30 after an 8.90% decline. Separately, Al ELM Information Security Company CJSC (TADAWUL:7203) reached 52-week lows, ending the session at 524.00 following a 7.26% drop.
Commodity markets registered notable moves alongside the equity session. Crude oil for April delivery jumped 7.10% - up $5.06 - to trade at $76.29 per barrel. Brent crude for May delivery climbed 7.11%, gaining $5.53 to reach $83.27 per barrel. Precious metals moved lower; the April Gold Futures contract fell 1.84%, a decline of $97.69, to trade at $5,213.91 a troy ounce.
In currency trading, the euro traded weaker against the riyal, with EUR/SAR down 0.65% to 4.36. The USD/SAR pair showed no change, unchanged at 3.75. The US Dollar Index Futures rose 0.78% to 99.10 by the close.
Key takeaways
- Tadawul All Share closed up 0.73%, with petrochemical and industrial names among the strongest performers.
- Top individual movers included Yanbu National Petrochemical Co (TADAWUL:2290) +9.94%, National Gas & Industrialization Co (TADAWUL:2080) +9.85% and Electrical Industries Co (TADAWUL:1303) +5.64%.
- Notable declines were recorded in SHL Financing Company SJSC (TADAWUL:1183) -8.90%, Al Masane Al Kobra Mining Company CJSC (TADAWUL:1322) -8.10% and Al ELM Information Security Company CJSC (TADAWUL:7203) -7.26%.
Risks and uncertainties
- Several individual stocks experienced sharp single-session moves, increasing volatility risk for investors in those names - particularly in financing, mining and information-security sectors.
- Commodity price swings were pronounced, with crude oil rising significantly and gold weakening, which could affect earnings and valuations for energy, petrochemical and related industrial companies.
- Market breadth was negative, with more decliners than advancers, indicating that index-level gains were concentrated in selected sectors rather than broad-based strength.
This report reflects market prices and counts at the close of trading on Tuesday and summarizes the top-performing and worst-performing names, commodity moves and currency changes evident in the session.