Saudi Tadawul All Share Edges Down to One-Month Low Amid Sector Weakness

The Saudi Arabian stock market ended Tuesday's session nearly flat, with the benchmark Tadawul All Share index slipping a marginal 0.01% to a new one-month low. The slight decline was driven by weakness in heavyweight sectors, even as the majority of listed companies saw their shares advance.

Market Performance at the Close

Despite the index's negative close, market breadth was positive. According to exchange data, advancing stocks significantly outnumbered decliners by a margin of 233 to 94, with 18 stocks finishing unchanged. This performance suggests that losses in larger-cap companies, particularly within key industries, weighed on the overall index.

The session's downturn was led by losses in the Financial Services, Industrial Investment, and Petrochemicals sectors, according to a report from Investing.com.

Notable Stock Movers

Several companies saw significant price movements during the trading day.

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• Top Gainers: Saudi Ground Services Co. (TADAWUL:4031) surged 9.98% to close at 22.82, Ladun Investment Co. (TADAWUL:4328) added 9.58%, and AlJazira Mawten REIT (TADAWUL:4331) rose 5.34%.
• Top Losers: Rabigh Refining & Petrochemical Co. (TADAWUL:2380) fell 3.96% to 17.20. Al Sorayai Trading & Industrial Group (TADAWUL:1213) declined 3.43% to a new all-time low of 13.52.

Commodities and Currency Context

The slight downturn in Riyadh coincided with weakness in the global energy market, a key driver for the Saudi economy. Crude oil futures for November delivery were down 2.17% to trade at $90.37 a barrel.

Similarly, Brent oil, the international benchmark, saw its November contract fall 1.59% to $98.74 a barrel. In the currency markets, the Saudi riyal remained stable against the U.S. dollar, with the USD/SAR pair holding firm at approximately 3.76, in line with its long-standing currency peg.