Story
Tadawul All Share Gains 0.43% on Tech and Financial Sector Strength
Saudi Arabia's benchmark Tadawul All Share Index (TASI) gained 0.43% to close Thursday's trading session in positive territory. The advance was primarily driven by strength in the Telecoms & IT, Financial Services, and Retail sectors, according to market data.
Market Internals Reveal Divergence
Despite the headline gain for the index, the broader market sentiment was mixed. Data from the Saudi Stock Exchange showed a perfectly balanced market breadth, with the number of advancing stocks exactly matching declining stocks at 157 each, while 33 companies ended the session unchanged. This divergence suggests the day's gains were concentrated in specific large-cap names rather than a widespread market rally.
Among the session's top performers, Tabuk Agriculture Development Co. (TADAWUL:6040) surged 10.00%. Other notable gainers included:
- Saudi Paper Manufacturing Co. (TADAWUL:2300), which added 7.14% to reach a new 52-week high.
- Takween Advanced Industries (TADAWUL:1201), which rose 6.91%.
AdOn the other side of the ledger, The Company for Cooperative Insurance (TADAWUL:8010) was the biggest decliner, falling 9.99%. Methanol Chemicals Company (TADAWUL:2001) dropped 9.98%, while Riyadh Cement Co (TADAWUL:3092) fell 5.14% to a new all-time low.
Commodities and Currencies
In the broader financial markets, energy prices weakened, with Crude Oil futures for September delivery falling 0.83% to $83.76 a barrel. Brent oil for October delivery also declined. In contrast, Gold futures for August delivery saw an increase of 0.97%.
In currency markets, the USD/SAR pair remained stable at 3.75, reflecting the kingdom's currency peg. The US Dollar Index Futures, which measures the greenback against a basket of other major currencies, traded 0.24% lower.
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.