Stock Markets June 4, 2026 08:45 AM

Tadawul slips as construction, petrochemicals and telecoms weigh on market

Index edges down 0.11% as select mid-caps post double-digit gains while energy contracts retreat

By Marcus Reed

Saudi Arabia's main equity gauge closed lower Thursday, with losses concentrated in Building & Construction, Petrochemicals and Telecoms & IT sectors. The Tadawul All Share fell 0.11% amid mixed stock performances that included strong single-session gains for several mid-cap names and steep declines for a handful of large-cap firms. Crude benchmarks also moved lower while gold futures climbed.

Tadawul slips as construction, petrochemicals and telecoms weigh on market

Key Points

  • Tadawul All Share closed down 0.11%, weighed by Building & Construction, Petrochemicals and Telecoms & IT sectors.
  • Top gainers included Marketing Home Group (TADAWUL:4194) +9.98%, Gas Arabian Services (TADAWUL:4146) +9.97% and AFG International (TADAWUL:4240) +9.94%; major decliners included Kingdom Holding (TADAWUL:4280) -5.01%, Rabigh Refining & Petrochemical (TADAWUL:2380) -4.81% and Middle East Paper (TADAWUL:1202) -3.97%.
  • Energy futures softened with Brent and NYMEX crude falling over 3%, while August gold futures rose 1.41%.

Saudi equities finished lower on Thursday, with the Tadawul All Share retreating 0.11% at the close. Sector pressure came primarily from Building & Construction, Petrochemicals and Telecoms & IT, which collectively helped push the index into negative territory.

Among individual stocks, marketing and distribution names outperformed, while several major industrial and investment companies posted notable declines.


Session leaders

  • Marketing Home Group for Trading Co (TADAWUL:4194) led gains on the board, jumping 9.98% - a rise of 4.10 points - to finish at 45.18.
  • Gas Arabian Services Company SCJSC (TADAWUL:4146) climbed 9.97%, adding 1.45 points to close at 16.00.
  • AFG International Co (TADAWUL:4240) rose 9.94%, up 1.27 points to 14.05 by the end of trading.

Lagging stocks

  • Kingdom Holding Company (TADAWUL:4280) was the weakest large-cap, dropping 5.01% or 0.77 points to 14.60 at the close.
  • Rabigh Refining & Petrochemical Co (TADAWUL:2380) declined 4.81%, down 0.76 points to finish at 15.03.
  • Middle East Paper Co (TADAWUL:1202) fell 3.97%, losing 0.76 points to close at 18.39.

Breadth on the Saudi exchange skewed negative by the close, with 177 stocks down versus 149 advancers and 15 shares ending unchanged.


Commodities and futures

Energy futures moved lower during the session. Crude oil for July delivery was down 3.27% or 3.14 to trade at $92.88 a barrel. Brent for August delivery fell 3.08% or 3.01 to $94.80 a barrel. In contrast, the August Gold Futures contract advanced 1.41% or 63.05 to trade at $4,529.95 a troy ounce.

The US Dollar Index Futures traded lower as well, down 0.31% at 99.19 by the time of the report.


Foreign exchange

Currency pairs involving the Saudi riyal moved modestly: EUR/SAR was up 0.40% to 4.37, while USD/SAR was essentially flat, unchanged by 0.01% at 3.75.


The market closed with disparity between single-session standouts and broad sector weakness, leaving the Tadawul All Share slightly negative for the day.

Risks

  • Declines in Petrochemicals and Building & Construction could pressure companies tied to energy feedstock and infrastructure spending.
  • Falling crude benchmarks - with crude for July down 3.27% and Brent down 3.08% - introduce uncertainty for energy-linked sectors and refinery-related firms.
  • Negative breadth on the exchange, with more falling stocks than advancing ones, signals potential short-term market weakness across multiple sectors.

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