Closing Bell: Saudi main index slips to close at 10,945
The total trading turnover of the benchmark index reached SR4.92 billion ($1.31 billion), with 112 stocks advancing and 137 declining.
The Kingdom's parallel market Nomu gained 120.10 points, or 0.45 percent, to close at 26,898.25. A total of 49 listed stocks advanced, while 24 retreated.
The MSCI Tadawul Index also edged down, losing 3.66 points, or 0.26 percent, to close at 1,408.07.
The best-performing stock of the day was Saudi AZM for Communication and Information Technology Co., whose share price surged 9.96 percent to SR29.14.
Other top performers included Northern Region Cement Co., which saw its share price rise 6.29 percent to SR8.11, and Obeikan Glass Co., which climbed 6.20 percent to SR37.
Sport Clubs Co. recorded the most significant drop, falling 7.34 percent to SR10.22.
Gulf Union Alahlia Cooperative Insurance Co. also saw its share price decline by 4.56 percent to SR14.22.
National Medical Care Co. dropped 3.51 percent to close at SR164.80.
On the announcements front, Electrical Industries Co. released its interim financial results for the period ending June 30.
According to a Tadawul statement, the company recorded a net profit of SR260 million during the first six months of the year, reflecting a 47.9 percent rise compared to the same period a year earlier. The increase in net profit was attributed to a broader product mix and higher sales of items with stronger profit margins.
Electrical Industries Co. ended the session at SR8.99, down 2.21 percent.
Alinma Bank also announced its interim financial results for the first half of the year. A bourse filing revealed that the company recorded a net profit of SR3.08 billion in the period ending June 30, up 12.8 percent year on year.
This increase was primarily linked to growth in total operating income. Net income rose as operating income expanded by 8.5 percent, driven mainly by higher returns from financing and investments, along with increased fee and foreign exchange income.
The bank also announced the board of directors' recommendation to distribute SR746 million in cash dividends to shareholders for the second quarter of 2025.
According to a Tadawul statement, the total number of shares eligible for dividends stood at 2.4 billion, with a dividend per share of SR0.30 after the deduction of Zakat. The dividend represented 3 percent of the share's par value.
Alinma Bank closed the session at SR26.38, down 1.60 percent.
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