Southern Cement falls to 52-week low

Shares of Southern Cement slid to a 52-week low on Tuesday, according to data compiled by Argaam. The stock touched its lowest point in the past year, extending a downtrend that has seen the Saudi cement maker lag the Tadawul index.

The 52-week low is a technical reference point that often triggers stop-loss selling and attracts buyers looking for a bargain. The move comes against a backdrop of slower project awards in Saudi Arabia's construction sector and softer demand in some regions. Higher input costs have also weighed on margins for cement producers.

For Southern Cement, the next catalyst will likely be its quarterly earnings release, due in the coming weeks. A recovery in cement prices or a pickup in government infrastructure spending could provide support. Until then, the stock's trajectory depends on broader sector sentiment and whether buyers step in at this level.