Closing Bell: Saudi main index closes in green at 10,946

Arab News

10 hours ago

RIYADH: Saudi Arabia's Tadawul All Share Index edged up on Wednesday, gaining 24.89 points, or 0.23 percent, to close at 10,946.74.
The total trading turnover of the benchmark index stood at SR4.80 billion ($1.27 billion), with 169 listed stocks advancing and 78 declining.
However, the Kingdom's parallel market Nomu declined by 143.18 points to close at 26,709.64
The MSCI Tadawul Index also recorded a modest gain, rising 0.12 percent to reach 1,410.12.
The top performer on the main market was Shatirah House Restaurant Co., whose share price rose 10 percent to SR16.83.
The company reported a 19.3 percent year-on-year increase in revenue for the first half of 2025, reaching SR83.81 million, up from SR70.26 million in the same period last year.
However, operating profit dropped nearly 30 percent to SR1.41 million, while net profit declined by 24.6 percent to SR1.07 million.
The share price of Abdullah Saad Mohammed Abo Moati for Bookstores Co. also rose 10 percent to SR41.80.
Jadwa REIT Al Haramain Fund saw its stock price increase by 5.62 percent to SR5.83.
On the other hand, Riyadh Cement Co. witnessed a drop in its share price by 2.79 percent to SR31.40.
In corporate announcements, Dr. Soliman Abdel Kader Fakeeh Hospital Co., known as Fakeeh Care, reported a 24.1 percent year-on-year rise in revenue for the second quarter of 2025, reaching SR811.84 million, compared to SR654.04 million in the corresponding period last year.
In a statement on Tadawul, the company also announced that its net profit jumped 59 percent year on year in the second quarter to SR68.2 million, driven by strong underlying business growth across segments, lower finance costs, and higher finance income.
Fakeeh Care's share price climbed 2.35 percent to SR40.98.
Herfy Food Services Co. reported revenue of SR284.56 million in the second quarter of 2025, marking a 5.5 percent decline compared to SR301.12 million in the same period of 2024.
Despite the drop in sales, the company recorded a net profit of SR899,934 in the second quarter, reversing a net loss of SR23.7 million a year earlier.
The improvement was attributed to lower general and administrative expenses, reduced finance and zakat costs, despite increased selling and marketing expenses.
Herfy's share price rose 3.55 percent to SR23.65.
Edarat Communication and Information Technology Co., also known as Edarat, posted a 31.6 percent year-on-year increase in net profit for the first half of 2025, reaching SR15.24 million, up from SR11.58 million a year earlier.
The growth was driven by a 35.4 percent rise in gross profit, which reached SR27.9 million in the first half of 2025.
Improved cost efficiency also played a role, with administrative expenses as a percentage of revenue declining from 17.56 percent in the first half of 2024 to 13.8 percent in the same period this year.
Edarat's share price fell 3.42 percent to SR240.
Arabian Centers Co., known as Cenomi Centers, recorded a 34.2 percent year-on-year increase in net profit for the second quarter of 2025, reaching SR474.7 million, compared to SR353.8 million in the same period last year.
The rise in earnings was attributed to a 7.7 percent reduction in cost of revenue due to operational cost optimization, as well as a boost in other operating income, which reached SR14.2 million following the sale of land in Al Kharj.
Cenomi Centers' share price advanced 5.38 percent to SR21.56.