Story
Saudi Tadawul Index Hits 3-Month Low on Broad Sector Declines
Saudi Arabia's benchmark stock index fell to a new three-month low on Tuesday, as broad-based selling pressure hit key sectors. The Tadawul All Share index declined by 0.80% at the close of trading, according to market data.
Market Performance
The session was marked by significant negative market breadth, with 227 stocks falling compared to only 92 advancing issues, while 19 remained unchanged. The downturn was primarily led by weakness in the Financial Services, Transport, and Industrial Investment sectors, which dragged the broader market lower.
This performance indicates negative investor sentiment across the Riyadh exchange, even as global energy markets showed strength.
Notable Stock Movers
Several individual companies experienced significant price movements during the session. The day's worst-performing stocks included:
Ad- MBC Group CJSC (TADAWUL:4072): -4.35%
- Banque Saudi Fransi (TADAWUL:1050): -3.85%
- Umm Al Qura for Development and Construction Company SCJSC (TADAWUL:4325): -3.77%
Despite the market decline, a few stocks bucked the trend. Red Sea Housing Services Company (TADAWUL:4230) was a top gainer, surging 9.96%, while Arabian Company for Agricultural and Industrial Investment SCJSC (TADAWUL:2287) rose 9.95%.
Broader Market Context
The drop in Saudi equities occurred despite a rally in oil prices. Brent crude, the international benchmark, rose 4.18% to trade at $86.78 a barrel for September delivery. In currency markets, the USD/SAR pair remained stable around 3.76, consistent with the kingdom's currency peg, while the US Dollar Index Futures fell 0.61%.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.