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Shares of Saudi-listed Southern Cement and Bawan fell to 52-week lows on July 5, according to Argaam data. Southern Cement dropped to SAR 18.98, a 34% decline from its 52-week high, while Bawan fell to SAR 38.52, down 25%. The sharp decline reflects weak investor confidence amid broader market volatility and sector-specific challenges. For traders, these moves highlight potential risks in the Tadawul market, particularly in cyclical sectors like construction materials. The performance of these stocks could influence investor sentiment toward other industrial firms in the TASI. Market participants should monitor upcoming earnings reports and macroeconomic data for clues on recovery potential.
