Saudi Arabia's equity market finished in negative territory on Monday as sector-specific losses pushed the benchmark down. The Tadawul All Share declined 1.06% at the close, settling at a level described in the session as a new three-month low.
Market weakness was concentrated in the Cement, Petrochemicals and Energy & Utilities sectors, which led the downward pressure on the index. On the breadth front, falling issues outnumbered advancers on the Saudi Arabia Stock Exchange by 186 to 153, and 23 stocks finished unchanged.
Despite the broader slide, several stocks posted substantial gains. Al Sorayai Trading & Industrial Group (TADAWUL:1213) led the session's winners, rising 10.00% - an increase of 2.68 points - to close at 29.48. Saudi Vitrified Clay Pipes Co. (TADAWUL:2360) added 9.99% or 1.72 points to end the day at 18.93, while Saudi Arabia Refineries Co. (TADAWUL:2030) advanced 9.97% or 4.63 points to finish at 51.05.
On the downside, BAAN Holding Group Company SJSC (TADAWUL:1820) was the session's weakest performer, falling 7.31% or 0.16 points to close at 2.03. Rabigh Refining & Petrochemical Co (TADAWUL:2380) declined 4.71% or 0.60 points to trade at 12.14 at the close, and Riyadh Cables Group Company CJSC (TADAWUL:4142) slipped 4.49% or 5.60 points to end at 119.00.
Commodities registered mixed moves during the trading day. Crude oil for August delivery rose 1.10% or 0.76 to $69.99 a barrel. Brent oil for September delivery increased 0.87% or 0.63 to $73.23 a barrel. By contrast, the August Gold Futures contract fell 0.90% or 37.05 to trade at $4,059.25 a troy ounce.
In currency trading, EUR/SAR was up 0.18% to 4.28, while USD/SAR was unchanged at 3.76. The US Dollar Index Futures was reported down 0.10% at 101.02 during the session.
Session details:
- Tadawul All Share -1.06% at the close, at a new three-month low.
- Advancers: 153; Decliners: 186; Unchanged: 23.
- Notable winners: TADAWUL:1213 (+10.00%), TADAWUL:2360 (+9.99%), TADAWUL:2030 (+9.97%).
- Notable losers: TADAWUL:1820 (-7.31%), TADAWUL:2380 (-4.71%), TADAWUL:4142 (-4.49%).