RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 19.08 points, or 0.18 percent, to close at 10,433.98.
The total trading turnover of the benchmark index stood at SR2.76 billion ($738 million), with 85 stocks advancing and 171 declining.
The Kingdom’s parallel market Nomu also fell, shedding 113.37 points, or 0.45 percent, to close at 24,912.85, as 31 stocks advanced while 51 retreated.
The MSCI Tadawul Index edged down 0.83 points, or 0.06 percent, to 1,362.04.
Al Majed Oud Co. was the best-performing stock of the day, surging 9.97 percent to SR120.20. Other top gainers included Fawaz Abdulaziz Alhokair Co., up 3.67 percent to SR23.72, and Saudi Arabian Mining Co., which rose 2.85 percent to SR55.95.
On the other hand, Dar Al Majed Real Estate Co. posted the steepest loss, dropping 8.35 percent to SR11.64. Alandalus Property Co. fell 6.19 percent to SR18.48, while Tamkeen Human Resource Co. declined 4.40 percent to SR54.30.
On the announcements front, Saudi Azm for Communication and Information Technology Co. reported its annual financial results for the year ending June 30. According to a Tadawul filing, the company’s net profit rose 30.03 percent to SR39.2 million, driven by higher gross profit, stronger income from associates, increased other income, and lower zakat and tax expenses. This came despite higher operating and finance costs.
Revenue grew 16.32 percent to SR253.16 million, supported by new projects and stronger returns from ongoing operations. Shares of Saudi Azm closed at SR25.12, down 1.09 percent.
Saudi Fisheries Co. announced board approval to establish a limited liability company with 100 percent ownership and a capital of SR100,000. Its stock ended the session at SR92.50, up 0.38 percent.
Meanwhile, Tabuk Agricultural Development Co. disclosed it had signed a SR5 million contract with East Asia Agricultural Development and Investment Co. for onion crop production, sales, and marketing. The 10-month agreement is expected to positively impact the company’s 2026 financial results. Shares of Tabuk closed at SR9.69, down 0.10 percent.
Source: www.arabnews.com