Saudi Arabia's stock market finished modestly higher at the close on Wednesday, with sector-level strength in Agriculture & Food, Energy & Utilities and Real Estate Development underpinning the session.
At the close, the Tadawul All Share index was up 0.03%.
Top performers
The day's strongest moves on the Tadawul All Share included Kingdom Holding Company (TADAWUL:4280), which jumped 6.34% - a rise of 0.68 points - to finish at 11.40. Savola Group (TADAWUL:2050) climbed 6.17% or 1.68 points to close at 28.90, and Makkah Construction & Development Co (TADAWUL:4100) advanced 5.30% - gaining 4.40 points - to end the session at 87.35.
Lagging stocks
On the downside, United International Holding (TADAWUL:4083) fell 8.14% or 3.64 points to close at 41.08. Tabuk Agriculture Development Co (TADAWUL:6040) slipped 4.78% or 0.31 points to 6.18, while Saudi Enaya Cooperative Insurance (TADAWUL:8311) declined 4.08% or 0.49 points to finish at 11.51.
Market breadth and notable price milestones
Decliners outnumbered advancers on the Saudi Arabia Stock Exchange by 166 to 151, with 32 stocks finishing unchanged. Shares of Kingdom Holding Company reached a three-year high, closing at 11.40 after the 6.34% gain. United International Holding's shares fell to an all-time low, ending at 41.08 following the 8.14% drop. Savola Group reached a 52-week high, closing at 28.90 after increasing 6.17%.
Commodities and currencies
Commodity prices were lower on the session. Crude oil for July delivery declined 2.94% - down $3.07 - to $101.31 a barrel. Brent oil for July delivery fell 3.58% or $4.01 to $108.09 a barrel. The June Gold Futures contract decreased 1.15% - down $52.49 - to trade at $4,505.51 a troy ounce.
In currency markets, EUR/SAR was effectively unchanged, moving 0.04% to 4.35, while USD/SAR was unchanged at 3.75. The US Dollar Index Futures was up 0.18% at 99.29.
Session context
The modest rise in the Tadawul All Share masks divergent performance across individual listings, with a handful of names contributing outsized gains and losses. The slide in global commodity prices recorded during the session was a notable headwind for commodity-sensitive parts of the market.
Data and prices referenced reflect the closing levels recorded in the trading session described above.