Closing Bell: Saudi main index rebounds to close at 11,586
RIYADH: Saudi Arabia's Tadawul All Share Index rebounded on Tuesday, as it gained 37.74 points or 0.33 percent to close at 11,586.40.
The total trading turnover of the main index was SR5.41 billion ($1.44 billion), with 101 stocks advancing and 136 declining.
The Kingdom's parallel market, Nomu, edged down by 1.24 percent to close at 28,281.76.
The MSCI Tadawul Index gained 8.09 points to 1,474.60.
The best-performing stock on the benchmark index was Saudi Fisheries Co. The firm's share price increased by 10 percent to SR112.20.
The share price of AlJazira REIT also rose by 9.91 percent to SR15.52.
Alistithmar AREIC Diversified REIT Fund also saw its stock price increase by 9.90 percent to SR8.77.
Conversely, the share price of Jahez International Co. for Information System Technology declined by 3.33 percent to SR27.55.
On the announcements front, Aldrees Petroleum and Transport Services Co. revealed that its net profit for the first quarter of this year reached SR100.1 million, representing a rise of 29.32 percent compared to the same period in 2024.
Compared to the fourth quarter of 2024, Aldrees' net profit increased by 6.94 percent.
In a press statement, Aldrees attributed the rise in profit to higher sales from the company's petrol and transport division.
The share price of Aldrees edged up by 1.81 percent to SR135.
In a Tadawul statement, the Saudi National Bank said that its net profit for the first three months of this year witnessed a year-on-year rise of 19.48 percent to reach SR6.02 billion.
The financial institution said that the rise in profit was driven by a 7.56 percent rise in operating revenue during the first quarter compared to the same period of the previous year.
The stock price of SNB increased by 3.98 percent to SR35.25.
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