Closing Bell: Saudi main index slips to close at 11,756
The total trading turnover of the benchmark index was SR4.27 billion ($1.13 million), as 154 of the stocks advanced and 86 retreated.
The Kingdom's parallel market, Nomu, also lost 28.57 points, or 0.10 percent, to close at 28,570.03. This comes as 41stocks advanced while 48 retreated.
The MSCI Tadawul Index lost 3.03 points, or 0.20 percent, to close at 1,497.68.
The best-performing stock of the day was Al-Baha Investment and Development Co., whose share price surged 9.94 percent to SR3.87.
Other top performers included Saudi Reinsurance Co., whose share price rose 9.83 percent to SR48.05, as well as Anaam International Holding Group, whose share price surged 9.33 percent to SR18.74.
Mobile Telecommunication Co. Saudi Arabia recorded the most significant drop, falling 4.15 percent to SR12.46.
Arabian Internet and Communications Services Co. also saw its stock prices fall 3.66 percent to SR300.
Derayah Financial Co. also saw its stock prices decline 2.91 percent to SR30.05.
On the announcements front, SABIC Agri-Nutrients Co. announced its interim condensed consolidated financial results for the period ending on March 31.
According to a Tadawul statement, the firm reported a net profit of SR985 million in the first quarter of 2025, reflecting a 17.12 percent surge compared to the same quarter in 2024.
This increase is mainly due to a 22 percent rise in sales, an increase in the share of results from an associate and a joint venture; yet, it was limited by a jump in the cost of goods sold mainly due to the increase in primarily feedstock costs.
SABIC Agri-Nutrients Co. ended the session at SR105.40, down 0.58 percent.
Bank Albilad has also announced its interim condensed consolidated financial results for the first three months of 2025.
A bourse filing revealed that the company reported a net profit of SR700.4 million in the period ending March 31, up 8.9 percent compared to the corresponding quarter a year earlier. This rise in net profit is primarily attributed to an increase in net income from investing and financing assets, net exchange income, and net fee and commission income.
Bank Albilad ended the session at SR29.40, up 0.51 percent.
Saudi Awwal Bank has also announced its interim financial results for the period ending on March 31. According to a Tadawul statement, the firm reported a net profit of SR2.13 billion in the first quarter of 2025, reflecting a 4.5 percent rise compared to the same quarter in 2024. This increase is mainly linked to a rise in total operating income. This was partially offset by an increase in net provision for expected credit losses, and total operating expenses.
Saudi Awwal Bank ended the session at SR35.90, up 0.28 percent.
Arab National Bank announces its interim financial results for the first three months of 2025. A bourse filing revealed that the company reported a net profit of SR1.3 billion in the period ending March 3, up 5.5 percent compared to the corresponding quarter a year earlier.
Arab National Bank ended the session at SR22.32, down 1.35 percent.
Saudi Tadawul Group Holding Co. announced its interim financial results for the period ending on March 31. According to a Tadawul statement, the firm reported a net profit of SR120.5 million in the first quarter of 2025, reflecting a 40.19 percent drop compared to the same quarter in 2024. This decrease is mainly linked to a decline in operating revenues, a rise in operating expenditures, and a drop in earnings per share, as well as a reduction in gross profit coupled with a drop in operational profit.
Saudi Tadawul Group Holding Co. ended the session at SR194.00, down 1.63 percent.
Saudi Telecom Co. has announced that it will distribute SR2.74 million in interim dividends to the shareholders for the first quarter of 2025.
According to a Tadawul statement, the total number of shares eligible for dividends amounted to 4.98 billion, with the dividend per share standing at SR0.55. The statement also revealed that the dividend percentage to the share par value stood at 5.5 percent.
Saudi Telecom Co. ended the session at SR48.00, up 0.21 percent.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Argaam
7 hours ago
- Argaam
CMA seeks public input on public offering of investment funds
Logo of Capital Market Authority (CMA) The Capital Market Authority (CMA) invited all interested parties to submit their views on enabling investors in the Saudi Exchange to invest in investment funds, which were previously offered privately through the regulatory framework for investment funds. The consultation period is 30 days, ending on September 10, 2025. The proposed draft aims to develop the regulatory framework for investment funds and provide new products in Tadawul by allowing investment funds established for engaging in direct and indirect financing activities to offer their units in a public offering. This will help provide an additional financing channel that supports economic growth and meets its financing needs, and will enable the growth of the asset management industry, increase the total assets under management, and diversify the investment assets available to all investors in Tadawul, the regulator said, in a statement. It indicated that the key elements of the proposed draft include providing additional structures for finance investment funds, by publicly offering and listing them on the Main Market (TASI) and the Nomu-Parallel Market, as their offering is currently limited to private placements.
Argaam
11 hours ago
- Argaam
Thimar to vote on board liability case on Sept. 2
Thimar Development Holding Co. said shareholders will meet on Sept. 2 to vote on authorizing the board of directors to file a liability lawsuit against former board members for the period from March 6, 2017, to July 3, 2021. In a statement to Tadawul, the company said the move relates to violations committed by the former board during that period or earlier, and that all necessary legal measures will be taken. This includes pursuing the ongoing lawsuit and filing any subsequent claims over violations committed during their membership or employment with the company. Thimar added that the violations may relate to the Companies Law, the Capital Market Law and its implementing regulations, or any other applicable laws, in a manner that safeguards the rights of the company and its shareholders. On March 14, Thimar filed a complaint with the Capital Market Authority against the former board from its two previous terms, seeking SAR 230 million in compensation plus amounts arising from litigation, according to Argaam data.
Arab News
12 hours ago
- Arab News
Closing Bell: TASI closes at 10,791 with active trading of $1.24bn
RIYADH: Saudi Arabia's Tadawul All Share Index fell 107.47 points on Monday, or 0.99 percent, to close at 10,791.64. Total trading turnover reached SR4.66 billion ($1.24 billion), with 31 stocks advancing and 223 declining. The Kingdom's parallel market, Nomu, also declined, shedding 213.58 points, or 0.81 percent, to close at 26,235.8, as 23 stocks advanced while 64 retreated. The MSCI Tadawul 30 Index slipped 12.37 points, or 0.88 percent, to end at 1,394.75. The best-performing stock of the day was flynas Co., which rose 3.48 percent to SR75.90. Despite the Monday's gain, flynas Co. posted a net loss of SR714.65 million for the first half of 2025, compared with a net profit of SR388.01 million in the same period a year earlier. The company reported an increase in revenue by 1.27 percent year-on-year to SR3.97 billion, while gross profit rose 6.43 percent to SR865.99 million. The airline attributed the loss to non-recurring initial public offering-related expenses totaling SR1.08 billion. Other top gainers included Ataa Educational Co., up 3.36 percent to SR66.05, and Al Sagr Cooperative Insurance Co., which increased 3.14 percent to SR14.12. Electrical Industries Co. and Raoom Trading Co. also advanced, gaining 2.82 percent and 2.56 percent, respectively. On the losing side, Almunajem Foods Co. dropped 10 percent to SR58.95, followed by Saudi Advanced Industries Co., down 9.52 percent to SR23.00, and Jadwa REIT Al Haramain Fund, which fell 8.09 percent to SR5.34. Al-Dawaa Medical Services Co. and BAAN Holding Group Co. also closed lower, retreating 6.29 percent and 5.96 percent, respectively. On the announcements front, MBC Group Co. reported a 41.07 percent year-on-year increase in net profit to SR335.43 million for the first half of 2025, compared to SR237.77 million in the same period last year. Revenue for the period rose 37.83 percent to SR3.03 billion, while gross profit climbed 20.06 percent to SR843.10 million. The company's shares closed down 4.05 percent at SR30.32. Gulf General Cooperative Insurance Co. widened its net loss after zakat to SR52.86 million for the first half of 2025, compared with a loss of SR13.41 million in the prior-year period. Insurance revenues fell 10.08 percent year on year to SR173.45 million, while total comprehensive loss deepened to SR50.35 million from SR13.41 million. The stock ended the session 1.39 percent lower at SR4.98. Al Moammar Information Systems Co. announced the renewal and amendment of a bank facility compliant with Islamic Shariah from Saudi Awwal Bank, valued at SR269.96 million. The agreement, signed on Aug. 9, 2023, is secured by promissory notes and will be used to finance new projects and issue letters of credit and guarantees. MIS shares closed down 0.77 percent at SR128.80.
