Saudi Tadawul Index Edges Higher, Lifted by Industrial and Cement Stocks

Saudi Arabia's benchmark stock index, the Tadawul All Share, finished Sunday's session with a slight gain, closing up 0.10%. The modest advance was primarily driven by positive performance in the Industrial Investment, Cement, and Building & Construction sectors, according to market data.

Market Performance in Detail

Despite the index's positive close, market breadth indicated underlying weakness. Declining stocks on the Saudi Arabia Stock Exchange outnumbered advancing ones by a margin of 159 to 154, with 25 stocks ending the session unchanged. This suggests the day's gains were not broad-based and were concentrated in specific sectors.

Top Movers

Several companies posted significant gains, leading the market higher:

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• LIVA Insurance Co (TADAWUL:8280) surged 9.93% to 14.61, reaching a new 52-week high.
• Saudi Printing & Packaging Company (TADAWUL:4270) climbed 9.91% to close at 7.21.
• Saudi Industrial Export Co (TADAWUL:4140) rose 8.89% to end the day at 2.45.

On the other end of the spectrum, the session's biggest decliners included Saudi Fisheries Co. (TADAWUL:6050), which fell 4.76%, and Saudi Arabia Refineries Co. (TADAWUL:2030), which dropped 4.08%.

Broader Market Context

The stock market's performance came as key commodity prices softened. Crude oil for August delivery was down 0.93% to $71.41 a barrel, while Brent oil for September delivery fell 0.38% to $76.01 a barrel. In currency markets, the USD/SAR pair remained stable at 3.75.