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Arab News
04-08-2025
- Business
- Arab News
Closing Bell: Saudi main index closes up at 10,839
RIYADH: Saudi Arabia's Tadawul All Share Index edged higher on Monday, gaining 6.35 points, or 0.06 percent, to close at 10,839.45. The total trading turnover of the benchmark index reached SR4.92 billion ($1.31 billion), with 138 stocks advancing and 110 declining. The Kingdom's parallel market Nomu also closed in positive territory, rising 135.55 points, or 0.51 percent, to settle at 26,891.39, as 41 stocks advanced while 38 retreated. Meanwhile, the MSCI Tadawul 30 Index slipped marginally, losing 1.41 points, or 0.10 percent, to end at 1,397.24. The best-performing stock of the day was Tourism Enterprise Co., whose share price rose 9.57 percent to SR1.03. Other top performers included SICO Saudi REIT Fund Unit, which climbed 7.58 percent to SR4.40, and Takween Advanced Industries Co., which gained 6.56 percent to close at SR8.29. Perfect Presentation for Commercial Services Co. rose 5.56 percent, while Amana Cooperative Insurance Co. gained 5.15 percent. Nice One Beauty Digital Marketing Co. registered the steepest decline, falling 9.97 percent to SR26.74. Other notable declines came from Thimar Development Holding Co., down 5.84 percent to SR36.42, and Al Etihad Cooperative Insurance Co., which dropped 5.56 percent to SR11.71. Herfy Food Services Co. and BAAN Holding Group Co. also ended the day lower, falling 5.20 percent and 4.74 percent. On the announcement front, the Saudi Exchange Co. has approved SNB Capital's application to conduct market-making activities on Almasane Alkobra Mining Co. and Waja Co., effective from July 30. According to the exchange, SNB Capital's obligations as a market maker for Almasane Alkobra Mining Co. include maintaining a minimum presence of orders at 70 percent, a minimum size of 75,000 units, and ensuring a maximum spread of 0.75 percent. Additionally, the market maker must achieve a minimum value traded of at least 5 percent. For Waja Co., SNB Capital is required to uphold a minimum presence of orders at 50 percent, with a minimum size of 50,000 units and a maximum spread of 5 percent. There is no minimum value traded requirement for Waja Co. The company will perform its duties in line with the Market Making Regulations and the Market Making Procedures set by the Saudi Exchange Co.
Arab News
27-07-2025
- Business
- Arab News
Closing Bell: Saudi main index rises to close at 10,956
RIYADH: Saudi Arabia's Tadawul All Share Index rose on Sunday, gaining 10.42 points, or 0.10 percent, to close at 10,956.22. Total trading turnover of the benchmark index reached SR3.46 billion ($924 million), with 145 stocks advancing and 97 declining. Similarly, the Kingdom's parallel market Nomu climbed 92.76 points, or 0.34 percent, to close at 26,991.01, as 47 stocks advanced while 39 retreated. The MSCI Tadawul Index also posted gains, adding 1.89 points, or 0.13 percent, to finish at 1,409.96. The top performer of the day was Tourism Enterprise Co., with its share price surging 9.91 percent to close at SR1.22. Other notable gainers included BAAN Holding Group Co., which rose 9.63 percent to SR2.39, and Raydan Food Co., which advanced 6.67 percent to SR14.24. On the downside, Buruj Cooperative Insurance Co. recorded the biggest loss, falling 4.11 percent to SR18.20. Fawaz Abdulaziz Alhokair Co. dropped 3.03 percent to SR29.46, while Saudia Dairy and Foodstuff Co. declined 2.84 percent to SR266.40. In corporate disclosures, the National Agricultural Development Co. reported its consolidated financial results for the six-month period ending June 30. According to a Tadawul statement, the company posted a net profit of SR218.6 million, up 2.5 percent year on year. The increase was attributed to higher revenue and treasury income, along with changes in cost of sales, selling and marketing expenses, impairment losses, financing costs, and other income and expenses. NADEC shares ended the session at SR21.02, down 0.81 percent. Meanwhile, Yanbu National Petrochemical Co. announced a net profit of SR58.2 million for the first half of the year, marking an 82 percent year-on-year decline. The drop was primarily due to lower average selling prices across all products and higher input costs, despite increased sales volumes and stable operational performance. Yanbu shares rose 2.88 percent, closing at SR29.42. Sabic Agri-Nutrients Co. also released its interim financial results, reporting a net profit of SR2.04 billion for the first half of the year, reflecting a 32.2 percent increase compared to the same period last year. The growth was driven by a 22 percent rise in sales, along with an increase in share of results from associates and joint ventures. However, the rise was partially offset by higher costs of goods sold, mainly due to increased feedstock prices. SABIC Agri-Nutrients Co. shares closed at SR117, up 2.15 percent.
Arab News
20-07-2025
- Business
- Arab News
Closing Bell: Saudi main index slips to close at 10,964
RIYADH: Saudi Arabia's Tadawul All Share Index slipped on Sunday, losing 42.27 points, or 0.38 percent, to close at 10,964.71. The total trading turnover of the benchmark index was SR3.2 billion ($856 million), as 65 of the stocks advanced and 182 retreated. The Kingdom's parallel market Nomu lost 132.37 points, or 0.48 percent, to close at 27,162.60. This comes as 27 of the listed stocks advanced while 51 retreated. The MSCI Tadawul Index lost 5.85 points, or 0.41 percent, to close at 1,405.02. The best-performing stock of the day was Tourism Enterprise Co., whose share price rose 9.2 percent to SR0.95. Other top performers included National Metal Manufacturing and Casting Co., whose share price rose 9.03 percent to SR16.91 , and Arab Sea Information System Co., whose share price increased 6.27 percent to SR5.59. Fawaz Abdulaziz Alhokair Co., or Cenomi Retail, recorded the most significant drop, falling 9.95 percent to SR29.70. SHL Finance Co. also saw its stock price fall 6.99 percent to SR21.70. Alandalus Property Co. witnessed a decline of 6.31 percent to SR19.90. On the announcements front, Aldrees Petroleum and Transport Services Co. disclosed its interim financial results for the period ending on June 30. According to a Tadawul statement, the firm recorded a net profit of SR99.7 million during the second quarter of the year, reflecting a 20.98 percent increase compared to the same period a year earlier. The climb is mainly attributed to higher sales in the petrol and transport divisions, along with increased income from deposits, sukuk, and other sources, despite a decline in returns from the joint venture investment. Marketing, selling, general, and administrative financing costs, along with Zakat expenses, have all risen. The total comprehensive income for the current quarter increased compared to the same quarter last year, primarily due to the remeasurement of employee-defined benefit obligations. Aldrees Petroleum and Transport Services Co. ended the session at SR129.20, down 0.78 percent. Cenomi Retail announced that it has been notified by a number of its substantial shareholders regarding the signing of a share purchase agreement with Al Futtaim Retail Co. for the sale of part of their stake in Cenomi Retail to Al Futtaim. According to a bourse filing, under the terms of the deal, the selling shareholders will transfer 57.3 million shares, representing 49.95 percent of the company's total share capital, to Al Futtaim in a private transaction valued at SR2.52 billion, with each share priced at SR44. Saudi Exchange has also announced the listing of Sport Clubs Co. shares on the main market on July 22.
