12-05-2025
Closing Bell: Saudi main index closes in green at 11,488
RIYADH: Saudi Arabia's Tadawul All Share Index rose on Monday, gaining 142.01 points, or 1.25 percent, to close at 11,488.60.
The total trading turnover of the benchmark index was SR6.13 billion ($1.63 billion), as 216 stocks advanced, while only 28 retreated.
The MSCI Tadawul Index increased by 16.67 points, or 1.15 percent, to close at 1,468.46.
The Kingdom's parallel market, Nomu, dipped, losing 80.32 points, or 0.29 percent, to close at 27,343.13. This comes as 45 stocks advanced, while 31 retreated.
The best-performing stock on the main index was Saudi Ceramic Co. with its share price surging by 9.95 percent to SR30.40.
Other top performers included Batic Investments and Logistics Co., which saw its share price rise by 7.76 percent to SR2.36, and Naseej International Trading Co., which saw a 7.39 percent increase to SR87.20.
The worst performer of the day was SHL Finance Co., whose share price fell by 3.92 percent to SR19.12.
Maharah Human Resources Co. and Almunajem Foods Co. also saw declines, with their shares dropping by 3.68 percent and 1.51 percent to SR5.50 and SR71.90, respectively.
On the announcements front, Arabian Centres Co. declared its interim financial results for the first three months of the year with net profit amounting to SR222.7 million, a 37.5 percent dip compared to the previous quarter.
The company attributed the decrease to a dip in net fair value gain of investment properties and a rise in the cost of revenues. Higher finance costs, driven by increased debt from development projects, also contributed to the decline.
Cenomi Centers' shares on the main market traded 0.20 percent lower to reach SR20.08.
Retal Urban Development Co. also announced its financial results for the same period with its net profit dropping by 26.05 percent to SR68.13 million compared to the previous quarter.
The company credited the decrease mainly due to exit from real estate fund during the previous quarter.
Retal's share price remained stable at SR17.04.
Saudi Awwal Bank announced its intention to issue US dollar-denominated additional tier 1 Capital Sustainable Sukuk through a private placement in Saudi Arabia and internationally.
The issuance, part of the bank's $5 billion sukuk program, aims to strengthen its capital base and support long-term strategic goals.
Joint lead managers, including HSBC, Merrill Lynch, and Citigroup, will oversee the offering, an official statement on Tadawul said. The final terms and value of the sukuk will be determined based on market conditions, the statement added.
SAB's shares on the main market traded 2.19 percent higher in today's trading session to reach SR34.95.
