Tadawul All Share Edges Up 0.10% on Industrial Sector Strength

Saudi Arabia's benchmark stock index, the Tadawul All Share, edged higher at the close of Sunday's trading session, buoyed by strength in industrial and construction-related sectors. The modest gain came despite a broader market where declining stocks slightly outnumbered advancers, indicating mixed investor sentiment.

Session Highlights

The Tadawul All Share (TASI) finished the day up 0.10%, according to closing data from the Saudi Exchange. The advance was primarily driven by positive performance in the Industrial Investment, Cement, and Building & Construction sectors.

Despite the index's gain, market breadth was slightly negative. Data showed that 159 companies saw their shares decline, while 154 advanced and 25 closed unchanged. This suggests that the session's gains were concentrated in a handful of influential sectors rather than being market-wide.

Top Movers

Several individual stocks posted significant price changes during the session:

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• Leading Gainers: LIVA Insurance Co. (TADAWUL:8280) was a top performer, surging 9.93% to close at 14.61, a new 52-week high. Other notable advancers included Saudi Printing & Packaging Company (TADAWUL:4270), up 9.91%, and Saudi Industrial Export Co. (TADAWUL:4140), which gained 8.89%.
• Leading Decliners: On the downside, Saudi Fisheries Co. (TADAWUL:6050) fell 4.76%. It was followed by Saudi Arabia Refineries Co. (TADAWUL:2030), which declined 4.08%, and East Pipes Integrated Company for Industry (TADAWUL:1321), which was down 3.96%.

Broader Market Context

The slight uptick in Saudi equities occurred against a backdrop of softer energy prices, a key factor for the Kingdom's economy. West Texas Intermediate (WTI) crude oil for August delivery was down approximately 0.93% to trade at $71.41 a barrel. Brent crude, the international benchmark, also fell by about 0.38%.

In foreign exchange markets, the USD/SAR pair remained stable at 3.75, consistent with the Saudi riyal's long-standing peg to the U.S. dollar.