Saudi Tadawul All Share Index Edges Up 0.10% on Industrial Sector Gains

Saudi Arabia's main stock index, the Tadawul All Share (TASI), edged higher at Sunday's close, posting a modest gain driven by strength in industrial and construction-related sectors. The benchmark index finished the session up 0.10%.

Session Highlights

The marginal uptick in the TASI was primarily supported by positive performance in the Industrial Investment, Cement, and Building & Construction sectors, according to closing data from the Saudi Exchange.

Despite the index's gain, market breadth was negative. Data showed that 159 stocks declined while 154 advanced, with 25 remaining unchanged, indicating a mixed sentiment among investors during the trading day.

Top Movers

Among the session's standout performers, LIVA Insurance Co (TADAWUL:8280) surged 9.93% to close at 14.61, reaching a new 52-week high. Other significant gainers included:

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• Saudi Printing & Packaging Company (TADAWUL:4270), which rose 9.91% to 7.21.
• Saudi Industrial Export Co (TADAWUL:4140), which gained 8.89% to end at 2.45.

On the other end of the spectrum, Saudi Fisheries Co. (TADAWUL:6050) was the session's biggest decliner, falling 4.76% to 70.00. Other notable losers included Saudi Arabia Refineries Co. (TADAWUL:2030), which dropped 4.08%, and East Pipes Integrated Company for Industry (TADAWUL:1321), down 3.96%.

Commodities and Currencies

The move in Saudi equities came as energy markets showed some weakness. August futures for WTI crude oil were down approximately 0.93% to trade around $71.41 per barrel, while September Brent crude futures fell about 0.38% to $76.01 per barrel.

In the currency market, the Saudi riyal remained stable against the U.S. dollar, with the USD/SAR pair unchanged at 3.75. The US Dollar Index Futures, which measures the greenback against a basket of major currencies, saw a slight increase of 0.07%.