Closing Bell: Saudi main index closes in green at 11,422
RIYADH: Saudi Arabia's Tadawul All Share Index rose on Monday, gaining 11.45 points, or 0.10 percent, to close at 11,422.95.
The total trading turnover of the benchmark index was SR5.21 billion ($1.39 billion), as 153 stocks advanced, while 84 retreated.
The Kingdom's parallel market, Nomu, also rose, gaining 129.67 points, or 0.46 percent, to close at 28,142.99. This comes as 41 of the listed stocks advanced, while 33 retreated.
The MSCI Tadawul Index increased by 4.27 points, or 0.29 percent, to close at 1,455.44.
The best-performing stock was Mouwasat Medical Services Co., with its share price surging 9.97 percent to SR78.30.
Other top performers included Fawaz Abdulaziz Alhokair Co., which saw its share price rise 9.92 percent to SR14.18, and Saudi Reinsurance Co., which posted a 9.71 percent gain to reach SR53.10.
Umm Al Qura for Development and Construction Co. recorded the day's steepest decline, with its share price slipping 3.47 percent to SR25.05.
Sahara International Petrochemical Co. and Saudi Steel Pipe Co. also saw declines, with their shares dropping by 2.82 percent and 2.58 percent to SR17.90 and SR52.90, respectively.
On the announcements front, Ades Holding Co. reported interim financial results for the first three months of the year, posting a net profit of SR196.6 million — a 6.3 percent decline compared to the previous quarter. It said that the drop in net profit reflects an increased ratio of depreciation and tax costs to revenue in this period.
The company's total comprehensive income saw a 45.7 percent quarter-on-quarter decrease in the first quarter of 2025 to reach SR170.8 million.
Ades Holding Co.'s share price traded 0.94 percent lower on the main market during today's session to reach SR14.78.
In another announcement, Makkah Construction and Development Co. reported a 32.7 percent year-on-year increase in net profit for the same period, reaching SR150 million.
The company credited the growth to higher revenues from the hotel and towers this quarter, driven by the inclusion of the last nine days of Ramadan, increased mall revenues, and gains from financial assets classified at fair value through profit or loss.
Similarly, the company's total comprehensive income rose to SR758 during the quarter, up from SR576 last year.
The MCDC's share price traded 1.5 percent higher to reach SR108.20.
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