Saudi Arabian equities finished the trading session higher on Tuesday, with the Tadawul All Share (TASI) posting a 0.36% gain at the close. Sector moves in Energy & Utilities, Agriculture & Food and Retail provided upward momentum for the market.
Top performers
- Saudi Steel Pipe Company (TADAWUL:1320) led gains, rising 7.76% or 3.80 points to finish at 52.80.
- Arabian Pipes Company (TADAWUL:2200) added 6.59% or 0.44 points to end the day at 7.12.
- East Pipes Integrated Company for Industry (TADAWUL:1321) climbed 4.78% or 9.90 points to close at 217.00.
Largest decliners
- Saudi Industrial Export Co (TADAWUL:4140) was the session's worst performer, down 4.15% or 0.10 points to 2.31 at the close.
- United Cooperative Assurance Co (TADAWUL:8190) fell 4.12% or 0.14 points to finish at 3.26.
- Al Sorayai Trading & Industrial Group (TADAWUL:1213) declined 3.07% or 0.94 points to close at 29.72.
Market breadth and participation
Declining issues outnumbered advancing ones on the Saudi Arabia Stock Exchange, with 165 stocks finishing lower versus 149 that advanced. Another 22 stocks ended the session unchanged.
Commodities and related markets
- Crude oil for August delivery rose 0.96% or 0.66 to trade at $69.21 a barrel.
- Brent oil for September delivery increased 0.97% or 0.70 to $72.69 a barrel.
- The August Gold Futures contract was up 0.25% or 10.45, trading at $4,177.95 a troy ounce.
FX and dollar measures
- EUR/SAR was essentially unchanged, moving 0.03% to 4.29.
- USD/SAR held steady, changing 0.02% to 3.75.
- The US Dollar Index Futures was recorded up 0.06% at 100.68.
Overall, the session saw selective strength among industrial and pipe manufacturers while certain exporters and insurance names lagged. Volume and breadth indicated a market with mixed participation despite the modest net gain recorded by the Tadawul All Share.