Saudi Arabian equities finished the trading day higher on Tuesday as gains in the Building & Construction, Real Estate Development and Industrial Investment sectors underpinned the broader market. The Tadawul All Share closed up 0.99% and recorded a new one-month high at the session close.
Leading the session on the index, East Pipes Integrated Company for Industry (TADAWUL:1321) posted the largest advance, rising 9.94% or 13.20 points to finish at 146.00. Tourism Enterprise Co. (TADAWUL:4170) gained 9.93% or 1.28 points, closing at 14.17, and Al Aseel Co Ltd (TADAWUL:4012) increased 7.84% or 0.29 points to end the day at 3.99.
On the downside, Saudi Arabian Mining Company (TADAWUL:1211) was the weakest large-cap performer, slipping 2.64% or 2.10 points to close at 77.40. Saudi Paper Manufacturing Co. (TADAWUL:2300) declined 2.54% or 1.50 points to 57.50, while Yamamah Saudi Cement Co. (TADAWUL:3020) fell 2.07% or 0.58 points to finish at 27.40.
Market breadth was positive at the close, with 235 stocks advancing versus 101 decliners on the Saudi Arabia Stock Exchange, and 20 issues ending unchanged.
Commodities showed modest movement during the session. Crude oil for March delivery slipped 0.20% or 0.12 to trade at $60.51 a barrel. Brent crude for April delivery fell 0.29% or 0.19 to $64.58 a barrel. Precious metals were mixed, with the April Gold Futures contract rising 0.05% or 2.51 to trade at $5,124.81 a troy ounce.
In currency and index moves, the euro traded higher against the riyal, with EUR/SAR up 0.30% to 4.47. USD/SAR was essentially unchanged, moving 0.01% to 3.75. The US Dollar Index Futures declined 0.38% to 96.49.
The session’s results left the Tadawul All Share at a one-month peak, supported by sectoral strength even as individual names in mining, paper and cement pressured the list of decliners. Trading activity featured a clear skew toward advancing issues by more than a two-to-one margin.