Closing Bell: Saudi Benchmark Index Drops to 10,967
The Tadawul All Share Index Declines by 27.50 Points Amid Mixed Market Performance.
Riyadh: Saudi Arabia's primary stock market indicator, the Tadawul All Share Index, experienced a minor decline on Sunday, shedding 27.50 points or 0.25 percent to close at 10,967.94.
The session saw an aggregate trading volume of SR2.91 billion ($768 million), with 77 stocks advancing and 179 retreating.The performance was similarly mixed in Saudi Arabia's parallel market known as Nomu, where the index slipped by 161.37 points or 0.70 percent to conclude at 22,833.63.
The day saw 33 stocks climbing while 42 suffered declines.The MSCI Tadawul Index also experienced a downturn, losing 4.25 points or 0.29 percent, closing at 1,468.43.Among the top-performing stocks of the day, Arabian Shield Cooperative Insurance Co. led with a notable gain of 7.27 percent, pushing its share price up to SR11.80.
Other prominent advancers included Saudi Enaya Cooperative Insurance Co., whose shares rose by 6.95 percent to SR12.15, and Kingdom Holding Co., which experienced a 6.38 percent surge, reaching SR11.01.Conversely, Gulf Insurance Group witnessed the most significant decline of the day, dropping 4.87 percent to close at SR26.96.
Rasan Information Technology Co.'s shares also fell sharply by 4.26 percent to SR141.70.
The Power and Water Utility Co. for Jubail and Yanbu saw its stock price drop by 4.19 percent to SR38.In corporate news, Dr. Soliman Abdel Kader Fakeeh Hospital Co., operating under the name Fakeeh Care Group, announced a memorandum of understanding (MoU) with Samsung C&T Corp.'s Saudi subsidiary.
This agreement aims to explore joint development opportunities for healthcare projects within Saudi Arabia and the deployment of AI-powered smart hospital systems as part of the Kingdom's Vision 2030.
By the end of the trading day, Fakeeh Care Group concluded at SR38.40, experiencing a decline of 0.86 percent.Additionally, Saudi Chemical Co. Holding revealed it has entered into a contractual agreement with the National Company for Mechanical Systems to supply military materials.
According to the bourse filing, the agreement's value will be based on purchase orders from the other party according to an agreed-upon annual quantity list with a total maximum cap of $198 million.
The financial effects of this five-year agreement are anticipated to positively influence the company's financial statements starting in the fourth quarter of 2026.Saudi Chemical Co. Holding concluded the session at SR8.47, experiencing a decline of 1.33 percent.
The session saw an aggregate trading volume of SR2.91 billion ($768 million), with 77 stocks advancing and 179 retreating.The performance was similarly mixed in Saudi Arabia's parallel market known as Nomu, where the index slipped by 161.37 points or 0.70 percent to conclude at 22,833.63.
The day saw 33 stocks climbing while 42 suffered declines.The MSCI Tadawul Index also experienced a downturn, losing 4.25 points or 0.29 percent, closing at 1,468.43.Among the top-performing stocks of the day, Arabian Shield Cooperative Insurance Co. led with a notable gain of 7.27 percent, pushing its share price up to SR11.80.
Other prominent advancers included Saudi Enaya Cooperative Insurance Co., whose shares rose by 6.95 percent to SR12.15, and Kingdom Holding Co., which experienced a 6.38 percent surge, reaching SR11.01.Conversely, Gulf Insurance Group witnessed the most significant decline of the day, dropping 4.87 percent to close at SR26.96.
Rasan Information Technology Co.'s shares also fell sharply by 4.26 percent to SR141.70.
The Power and Water Utility Co. for Jubail and Yanbu saw its stock price drop by 4.19 percent to SR38.In corporate news, Dr. Soliman Abdel Kader Fakeeh Hospital Co., operating under the name Fakeeh Care Group, announced a memorandum of understanding (MoU) with Samsung C&T Corp.'s Saudi subsidiary.
This agreement aims to explore joint development opportunities for healthcare projects within Saudi Arabia and the deployment of AI-powered smart hospital systems as part of the Kingdom's Vision 2030.
By the end of the trading day, Fakeeh Care Group concluded at SR38.40, experiencing a decline of 0.86 percent.Additionally, Saudi Chemical Co. Holding revealed it has entered into a contractual agreement with the National Company for Mechanical Systems to supply military materials.
According to the bourse filing, the agreement's value will be based on purchase orders from the other party according to an agreed-upon annual quantity list with a total maximum cap of $198 million.
The financial effects of this five-year agreement are anticipated to positively influence the company's financial statements starting in the fourth quarter of 2026.Saudi Chemical Co. Holding concluded the session at SR8.47, experiencing a decline of 1.33 percent.
