Saudi Tadawul Index Slips to 3-Month Low on Broad Sector Weakness

Saudi Arabia's benchmark stock index, the Tadawul All Share (TASI), edged lower on Wednesday, falling 0.10% to close at a new three-month low. The decline was driven by broad-based selling pressure, with notable weakness in the Media & Publishing, Insurance, and Cement sectors, according to market data.

Session in Detail

Market sentiment was negative, as reflected in the session's breadth. Falling stocks on the Saudi Arabia Stock Exchange outnumbered advancing ones by a margin of 206 to 118, while 18 stocks ended the day unchanged.

The modest decline extends a period of weakness for the index, pushing it to a level not seen in three months. The session saw several individual stocks hit significant milestones, highlighting pockets of acute selling pressure.

Notable Movers

Despite the overall negative tone, some companies posted strong gains. The top performers included:

Ad

• Saudi Real Estate Co. (TADAWUL:4020), which surged 5.62%.
• Saudi Chemical Company (TADAWUL:2230), adding 3.68%.
• Alwasail Industrial Co (TADAWUL:4148), which rose 2.77%.

On the downside, several firms experienced sharp declines:

• Arabian Company for Agricultural and Industrial Investment SCJSC (TADAWUL:2287) was the session's worst performer, falling 6.35%.
• Saudi Research and Marketing Group (TADAWUL:4210) dropped 6.33% to a five-year low.
• Al Dawaa Medical Services Co (TADAWUL:4163) shed 4.20%, hitting an all-time low.

Commodities and Currencies

In the broader markets, energy prices provided a mixed backdrop. Crude oil futures for August delivery were up approximately 0.48% to trade around $79.72 a barrel, while Brent oil for September delivery rose about 0.39% to $85.06 a barrel. In currency markets, the USD/SAR pair remained stable at 3.76.