Saudi Arabia's stock market ended Thursday's trading sharply lower, as pressure in multiple sectors pushed the benchmark down. At the close, the Tadawul All Share fell 1.87%.
Sector-level weakness centered on Energy & Utilities, Hotels & Tourism and Transport, which together helped drive the broader market decline. Declining issues outpaced rising ones by a wide margin on the exchange - falling stocks outnumbered advancing ones by 297 to 38, while 12 shares finished unchanged.
The session's top performers on the Tadawul All Share included Musharaka REIT (TADAWUL:4335), which climbed 2.12% - an increase of 0.09 points to finish at 4.34. Al Hassan Ghazi Ibrahim Shaker (TADAWUL:1214) added 1.18% or 0.20 points to close at 17.20, and Saudi Industrial Export Co (TADAWUL:4140) gained 0.80% or 0.02 points to end at 2.51.
At the other end of the table, Abdullah Saad Mohammed Abo Moati Stationeries Co (TADAWUL:4191) led declines, tumbling 9.30% or 4.00 points to settle at 39.00 at the close. National Medical Care Company (TADAWUL:4005) fell 8.98% or 12.70 points to finish at 128.80, and National Company for Learning and Education SJSC (TADAWUL:4291) declined 6.35% or 7.90 points to 116.50.
Two companies moved to 52-week lows during the session. Shares of National Medical Care Company (TADAWUL:4005) fell to a 52-week low as they dropped 8.98% or 12.70 to 128.80. Likewise, National Company for Learning and Education SJSC (TADAWUL:4291) fell to a 52-week low after losing 6.35% or 7.90 to 116.50.
Commodity markets showed a mixed picture alongside the equity weakness. Crude oil for April delivery rose 1.63% or 1.06 to trade at $66.11 a barrel, and Brent oil for April delivery increased 1.46% or 1.03 to $71.38 a barrel. By contrast, the April Gold Futures contract slipped 0.07% or 3.59 to trade at $5,005.91 a troy ounce.
Foreign-exchange and index moves were modest. EUR/SAR was unchanged 0.07% to 4.42, while USD/SAR was unchanged 0.01% to 3.75. The US Dollar Index Futures rose 0.12% to 97.74.
Market context: The market-wide pullback was broad, with most listed names losing ground and only a small group of stocks posting gains. Several large declines produced fresh 52-week lows for specific companies, while energy commodities advanced modestly.