Latest news with #MSCITadawulIndex
Arab News
05-05-2025
- Business
- Arab News
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.
Arab News
04-05-2025
- Business
- Arab News
Closing Bell: Saudi main index slips to close at 11,411
RIYADH: Saudi Arabia's Tadawul All Share Index slipped on Sunday, losing 132.17 points, or 1.14 percent, to close at 11,411.50. The total trading turnover of the benchmark index was SR3.5 billion ($944.3 million), as 41 stocks advanced and 198 retreated. Similarly, the Kingdom's parallel market Nomu lost 116.45 points, or 0.41 percent, to close at 28,013.32. This comes as 30 of the listed stocks advanced while 39 retreated. The MSCI Tadawul Index lost 20.74 points, or 1.41 percent, to close at 1,451.17. The best-performing stock of the day was Umm Al Qura for Development and Construction Co., whose share price surged 2.77 percent to SR25.95. Other top performers included National Industrialization Co., which saw its share price rise 2.26 percent to SR9.49, and Arabian Contracting Services Co., whose share price increased 1.69 percent to SR132.00. Zahrat Al Waha for Trading Co. recorded the most significant drop, falling 7.05 percent to SR27.70. Saudi Automotive Services Co. saw its stock prices fall 5.67 percent to SR61.50. Emaar The Economic City also saw its stock prices decline 4.50 percent to SR14.00. On the announcements front, Dar Alarkan Real Estate Development Co. reported its interim financial results for the period ending March 31. According to a Tadawul statement, the company posted a net profit of SR209.34 million in the first quarter of 2025, marking a 36.2 percent increase compared to the same quarter in 2024. The rise in net income was primarily driven by higher property sales. Increased lease revenues, lower finance costs, and greater non-operating income from Islamic Murabaha deposits also contributed to the gains, though these were partially offset by higher operating expenses and reduced earnings from associates. Dar Alarkan Real Estate Development Co. ended the session at SR21.04, down 1.05 percent. Saudi Aramco Base Oil Co. – Luberef has announced its interim financial results for the first quarter of 2025. A bourse filing showed the company recorded a net profit of SR221.5 million for the period ending March 31, reflecting a 7.3 percent decline compared to the same quarter last year. The drop in earnings was mainly due to lower by-product crack margins, despite an increase in base oil crack margins. Luberef's shares closed the session at SR98.70, down 0.20 percent. Dr. Sulaiman Al Habib Medical Services Group has announced its interim financial results for the period ending March 31. According to a Tadawul statement, the firm posted a net profit of SR557.01 million in the first quarter of 2025, marking a 1.09 percent increase compared to the same quarter in 2024. The growth was primarily driven by higher revenue, although fixed operating costs from recent strategic expansions have temporarily weighed on profit margins. These expansions are still ramping up and are expected to gradually reach full operational efficiency. The company's shares closed at SR289.00, down 2.15 percent. The National Agricultural Development Co. reported its consolidated financial results for the first quarter of 2025, posting a net profit of SR103.42 million for the period ending March 31 — a 2.06 percent rise compared to the year-earlier period. The increase was supported by higher revenue, reduced general and administrative expenses, stronger operating profit, and increased treasury income. These gains were partially offset by higher cost of sales, increased impairment losses on trade and other receivables, and a decline in finance costs. NADEC shares ended the session at SR22.20, down 1.54 percent. Saudi Basic Industries Corp. announced a net loss of SR1.21 billion for the first quarter of 2025, compared to a net profit of SR250 million in the same period last year. The loss was primarily due to a SR1.05 billion decline in gross profit, driven by higher feedstock prices and increased operating expenses. These included non-recurring costs of SR1.07 billion linked to a strategic restructuring initiative aimed at improving long-term performance and reducing costs. SABIC shares closed at SR60.70, down 2.77 percent.
Arab News
01-05-2025
- Business
- Arab News
Closing Bell: Saudi main index closes in red at 11,543
RIYADH: Saudi Arabia's Tadawul All Share Index dipped on Thursday, losing 127.90 points, or 1.10 percent, to close at 11,543.67. The total trading turnover of the benchmark index was SR5.09 billion ($1.35 billion), as 52 stocks advanced, while 193 retreated. The MSCI Tadawul Index decreased by 16.97 points, or 1.14 percent, to close at 1,471.91. The Kingdom's parallel market Nomu also dipped, losing 147.4 points, or 0.52 percent, to close at 28,129.77. This came as 32 stocks rose, while 41 fell. The best-performing stock on the main index was Saudi Printing and Packaging Co., with its share price surging by 6.18 percent to SR13.06. Saudi Cement Co. saw the steepest decline on the main index in Thursday's session, with its share price slipping 5.75 percent to SR43.40. In a bourse filing, Banque Saudi Fransi announced that it has completed its $650 million offering of US dollar-denominated Additional Tier 1 capital notes. The issuance, conducted under the bank's Additional Tier 1 Capital Note Programme, was offered to eligible investors in Saudi Arabia and internationally, with settlement set for May 7. The notes were issued at a return of 6.375 percent per annum and are perpetual in nature, with a call option exercisable after six years. A total of 3,250 notes were issued, each with a par value of $200,000. According to the bank, the instruments may be redeemed prior to the scheduled call date under certain conditions outlined in the base offering circular. The notes will be listed on the International Securities Market of the London Stock Exchange and were offered in reliance on Regulation S under the US Securities Act of 1933, as amended. The bank's share price traded 0.54 percent lower on the main market to reach SR18.30. Halwani Bros. Co. also announced its interim financial results for the first three months of the year, with net profit amounting to SR11.51 million, a 4.58 percent decline compared to the previous quarter last year. The company attributed the decrease to higher general and administrative expenses, as well as increased selling and distribution costs. It also said that this was due to an increase in other income as a result of the reversal of provisions that are no longer needed. Halwani Bros. Co's share price traded 0.52 percent lower on the main market to reach SR47.95. In the first quarter of 2025, Fourth Milling Co's net profit rose 25.154 percent quarter on quarter to SR52.6 million, according to a filing on the stock exchange. The group attributed the increase to sales growing by 2 percent, amounting to an increase of SR3.4 million, and zakat and tax payments decreasing by SR1.4 million. The company's share price traded 0.25 percent lower on the main market to reach SR3.97. Saudi Steel Pipe Co. also announced its interim financial results for the first three months of the year, with net profit amounting to SR69 million, an 81.57 percent surge compared to the previous quarter. The company attributed the increase to higher volume, improved efficiency and product mix of products sold, and administrative expenses decreased to SR14 million in the first quarter 2025 from SR19 million in the fourth 2024. The company's share price traded 0.18 percent higher on the main market to reach SR56.10.
Arab News
30-04-2025
- Business
- Arab News
Closing Bell: Saudi main index closes in red at 11,671
RIYADH: Saudi Arabia's Tadawul All Share Index dipped on Wednesday, losing 74.62 points, or 0.64 percent, to close at 11,671.58. The total trading turnover of the benchmark index was SR6.94 billion ($1.85 billion), as 47 stocks advanced, while 201 retreated. The MSCI Tadawul Index decreased by 4.89 points, or 0.33 percent, to close at 1,488.88. The Kingdom's parallel market Nomu dipped, losing 54.20 points, or 0.19 percent, to close at 28,277.17. This came as 24 stocks rose, while 49 fell. The best-performing stock on the main index was Jamjoom Pharmaceuticals Factory Co., with its share price surging by 9.91 percent to SR173. In the first quarter of 2025, the company's net profit rose 204.26 percent quarter-on-quarter to SR157.03 million, according to a filing on the stock exchange. The group attributed the increase to higher sales and more efficient absorption of operating expenses, resulting in strong operating leverage. MBC Group Co. recorded the day's steepest decline, with its share price slipping 4.42 percent to SR41.10. Advanced Petrochemical Co. announced its interim financial results for the first three months of the year, reporting a net profit of SR72 million — a 224.1 percent increase from the same quarter last year. Americana Restaurants International PLC also announced its financial results for the same period, with its net profit reaching SR122.4 million in what is an annual increase of 16.5 percent. Similarly, the company's total comprehensive income saw a surge of 44.5 percent to SR128.13 million. Its share price traded 3.04 percent higher on the main market to reach SR2.32. Modern Mills for Food Products Co. also announced its interim financial results for the first three months of the year, with net profit amounting to SR65.6 million, a 29.2 percent surge compared to the previous quarter. The company attributed the increase to higher gross margin, operational efficiencies and lower finance cost. Modern Mills for Food Products Co.'s share price traded 0.26 percent higher on the main market to reach SR39. Banque Saudi Fransi has launched the offering of US dollar-denominated additional Tier 1 capital notes as part of its international issuance program, the bank said in a bourse filing. The offering, conducted under its Additional Tier 1 Capital Note Programme, targets eligible investors in Saudi Arabia and internationally, the statement added. The subscription period is scheduled to begin on April 30 and end on May 1, with a minimum subscription set at $200,000 and increments of $1,000 thereafter. The value, pricing, and yield of the perpetual instruments — which are callable after six years — will be determined based on prevailing market conditions.
Arab News
29-04-2025
- Business
- Arab News
Closing Bell: Saudi main index closes in red at 11,746
RIYADH: Saudi Arabia's Tadawul All Share Index dipped on Tuesday, losing 38.43 points, or 0.33 percent, to close at 11,746.20. The total trading turnover of the benchmark index was SR6.87 billion ($1.83 billion), as 86 stocks advanced, while only 157 retreated. The MSCI Tadawul Index decreased by 5 points, or 0.33 percent, to close at 1,493.77. The Kingdom's parallel market, Nomu, dipped, losing 89.34 points, or 0.31 percent, to close at 28,331.37. This comes as 35 stocks advanced, while 43 retreated. The best-performing stock on the main index was Arabian Contracting Services Co., with its share price surging by 9.88 percent to SR131.20. Other top performers included Al-Baha Investment and Development Co., which saw its share price rise by 4.94 percent to SR4.25, and Sumou Real Estate Co., which saw a 3.93 percent increase to SR 46.25. The worst performer of the day was Alistithmar AREIC Diversified REIT Fund, whose share price fell by 3.39 percent to SR9.41. Saudi Tadawul Group Holding Co. and Saudi Kayan Petrochemical Co. also saw declines, with their shares dropping by 2.94 percent and 2.83 percent to SR185 and SR5.83, respectively. On the announcements front, Alinma Bank announced its interim financial results for the first three months of the year, with net profit amounting to SR1.5 million, a 1.3 percent dip compared to the previous quarter. The bank's total comprehensive income saw a 56 percent increase in the first quarter of 2025 to reach SR1.6 million. Saudi Ceramic Co. also announced its financial results for the same period, with its net profit dipping by 88.4 percent to SR20.8 million compared to the previous quarter. Similarly, the company's total comprehensive income saw a decrease of 88.7 percent to SR20.8 million. Saudi Ceramic Co.'s share price traded 3.15 percent higher on the main market to reach SR27.85. In the first quarter of 2025, Astra Industrial Group's net profits saw a 30.7 percent quarter-on-quarter increase to reach SR171.8 million. The group attributed the increase to an uptick in gross profit in the pharmaceuticals sector and a decrease in finance costs in the specialty chemical sector. The group's share price traded 0.52 percent lower to reach SR153.
