Saudi Arabian equities finished the trading day in positive territory on Tuesday, with broad index strength powered by gains in Insurance, Industrial Investment and Financial Services names.
Index performance - The Tadawul All Share climbed 0.45% on the session, closing at a new one-month high.
Top performers - Tabuk Agriculture Development Co (TADAWUL:6040) led the winners on the index, advancing 5.80% or 0.37 points to close at 6.75. Bupa Arabia for Coop. Insurance (TADAWUL:8210) added 5.19% or 9.70 points to finish at 196.60, moving to a 52-week high in the process. Development Works Food Co (TADAWUL:6013) rose 4.82% or 4.55 points to end the day at 98.95.
Lagging names - On the downside, Saudi Cable Company (TADAWUL:2110) posted the largest decline among major movers, dropping 4.53% or 8.60 points to 181.40. United Int Transportation Company (TADAWUL:4260) fell 2.84% or 1.02 points to close at 34.88, while Nice One Beauty Digital Marketing (TADAWUL:4193) slipped 2.54% or 0.37 points to 14.20.
Market breadth - Decliners outnumbered advancers on the Saudi Exchange, with 171 stocks lower versus 152 that rose; 19 shares finished unchanged.
Notable milestones - Shares of Bupa Arabia for Coop. Insurance (TADAWUL:8210) reached a 52-week high during the session, ending up 5.19% or 9.70 points at 196.60.
Commodities and currencies - Energy markets were weaker on the session. Crude oil for July delivery fell 4.48% or $3.62 to settle at $77.13 a barrel. Brent oil for August delivery declined 4.03% or $3.35 to $79.82 a barrel. In precious metals, the August Gold Futures contract rose 0.44% or $19.07 to trade at $4,370.67 a troy ounce.
Currency crosses reported included EUR/SAR at 4.35 with an indicated change of unchanged 0.09%, and USD/SAR at 3.75 with an indicated change of unchanged 0.01%.
The US Dollar Index Futures was unchanged on the session, quoted at 99.37.
The session highlighted a market where certain sectors and individual stocks delivered outsized gains while overall breadth skewed toward decliners. Insurance and select industrial and financial services stocks were among the strongest contributors to the index’s push to a one-month high, even as oil prices moved lower during the trading day.