Saudi Arabia's stock market ended lower on Thursday, with the Tadawul All Share posting a 0.28% decline at the close as weakness in Industrial Investment, Energy & Utilities and Insurance sectors pressured the wider market.
On the session, decliners outnumbered advancers, with 185 stocks falling compared with 135 that rose, while 25 issues finished unchanged.
Top performers
- Ash-Sharqiyah Development Company (TADAWUL:6060) led gains, rising 9.99% - an increase of 1.44 points - to finish at 15.86.
- Aljazira Takaful Taawuni Company (TADAWUL:8012) added 9.45%, up 1.13 points, closing at 13.09.
- LIVA Insurance Co (TADAWUL:8280) advanced 7.47%, a 0.97 point gain to end the session at 13.96.
Lagging names
- Saleh Abdulaziz Al Rashed And Sons (TADAWUL:1324) fell 4.52% - down 1.94 points - to close at 40.94. Shares in the company moved to all-time lows during the session.
- Electrical Industries Co (TADAWUL:1303) declined 4.51%, a drop of 0.70 points, to finish at 14.82.
- Canadian Medical Center Co (TADAWUL:4021) was down 4.31%, losing 0.27 points to end at 6.00.
Market breadth showed more stocks falling than rising, reflecting a session where sectoral losses in industrial and energy-related names, together with pressure in parts of the insurance complex, outweighed gains in a handful of developers and insurers.
Commodities and currency moves
Crude oil for August delivery retreated 1.91%, a fall of $1.31, to trade at $67.27 a barrel. Brent crude for September delivery slipped 1.69%, down $1.21, to $70.36 a barrel. Precious metals moved higher as the August Gold Futures contract rose 1.57% - an increase of $63.90 - to trade at $4,146.30 a troy ounce.
In currency markets, EUR/SAR was up 0.72% at 4.30, while USD/SAR was effectively unchanged, moving 0.01% to 3.75. The US Dollar Index Futures fell 0.82% to 100.32.
The session reflected modest downward pressure on the Tadawul All Share, with select stocks showing strong single-session gains even as broader sector trends pulled the index lower.
Market snapshot
- Tadawul All Share -0.28%
- Advancers 135 | Decliners 185 | Unchanged 25