Stock Markets January 26, 2026

Tadawul Inches Higher as Energy, Cement and Construction Stocks Lead

Saudi market closes marginally up with select miners and industrials posting the strongest gains

By Caleb Monroe
Tadawul Inches Higher as Energy, Cement and Construction Stocks Lead

Saudi Arabia's equity market closed slightly higher, with the Tadawul All Share rising 0.02% to reach a one-month high. Gains were concentrated in the Energy & Utilities, Cement and Building & Construction sectors, while a larger number of individual issues fell than rose. Several names hit multi-month and all-time highs during the session. Commodity and currency markets posted mixed moves, with crude and Brent slipping and April Gold Futures advancing sharply.

Key Points

  • Tadawul All Share rose 0.02% to a one-month high, led by gains in Energy & Utilities, Cement and Building & Construction.
  • Top gainers included ADES Holding Company SJSC (TADAWUL:2382) up 6.05%, Consolidated Grunenfelder Saady Holding Co (TADAWUL:4147) up 5.80%, and Al Masane Al Kobra Mining Company CJSC (TADAWUL:1322) up 5.24%.
  • Decliners outnumbered advancers, with 187 stocks down, 146 up and 17 unchanged; notable losers included Herfy Food Services Co (TADAWUL:6002) and Al Moammar Information Systems Co CJSC (TADAWUL:7200).

Shares on the Saudi Arabia Stock Exchange ended the session modestly higher on Monday, driven largely by advances in Energy & Utilities, Cement and Building & Construction. The Tadawul All Share closed up 0.02%, marking a new one-month high for the index.

The top performers on the index included ADES Holding Company SJSC (TADAWUL:2382), which surged 6.05% - rising 1.08 points to finish at 18.93. Consolidated Grunenfelder Saady Holding Co (TADAWUL:4147) added 5.80%, up 0.57 points to close at 10.39, and Al Masane Al Kobra Mining Company CJSC (TADAWUL:1322) climbed 5.24%, gaining 5.40 points to end at 108.40.

On the downside, Herfy Food Services Co (TADAWUL:6002) registered the largest decline among the reported names, slipping 3.07% or 0.53 points to close at 16.72. Al Moammar Information Systems Co CJSC (TADAWUL:7200) fell 2.75%, down 5.00 points to 177.00, and Saudi Industrial Export Co (TADAWUL:4140) declined 2.67% or 0.07 points to finish at 2.55.

Market breadth favored decliners: 187 stocks fell versus 146 that rose, while 17 issues ended unchanged.

Notable price milestones were recorded during the session. Shares of ADES Holding Company SJSC reached 52-week highs, closing at 18.93 after the 6.05% advance. Consolidated Grunenfelder Saady Holding Co rose to an all-time high, ending at 10.39 following its 5.80% gain.

Commodities and currency movements during the session were mixed. Crude oil for March delivery fell 0.13%, down $0.08 to $60.99 a barrel. Brent oil for April delivery edged down 0.03%, or $0.02, to $65.05 a barrel. In precious metals, the April Gold Futures contract moved noticeably higher, rising 2.05% or 102.84 to trade at $5,119.84 a troy ounce.

FX markets showed modest shifts: EUR/SAR strengthened 0.20% to 4.44, while USD/SAR was unchanged at 3.75. The US Dollar Index Futures traded lower, down 0.37% at 97.04.


Context and composition

The session featured a small net gain at the index level despite a larger count of declining stocks. Positive moves in specific sectors - notably Energy & Utilities, Cement and Building & Construction - helped push the Tadawul All Share to its one-month peak. Individual company performance varied, with several names posting strong single-session jumps and milestone highs.

Risks

  • Market breadth was weak - more stocks fell than rose, which could signal sector- or stock-specific pressure despite the small index gain. This affects overall equity sentiment.
  • Commodity movements were mixed - crude and Brent eased while gold jumped, creating potential volatility for energy and mining-related names.
  • Notable single-stock volatility and milestone price moves (52-week and all-time highs) can increase the potential for sharp intraday reversals in affected sectors such as mining and industrials.

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