Saudi Main Index Closes in Red, Nomu Gains
Riyadh: Saudi Arabia's Tadawul All Share Index slipped on Thursday due to a decline of 0.69 percent, closing at 11,177.66.
RIYADH: On Thursday, Saudi Arabia's main stock market index, the Tadawul All Share Index, dipped by 77.22 points or 0.69%, ending the day at 11,177.66.
During trading, a total turnover of SR3.84 billion ($1.02 billion) was recorded, with 60 out of the listed stocks showing an increase and 189 experiencing declines.
In contrast, Saudi Arabia's parallel market, known as Nomu, bucked the trend by gaining 105.87 points to close at 24,242.38.
The MSCI Tadawul Index also edged down slightly, losing 0.89 points to settle at 1,451.47.
Among the top performers on the main market, Tihama Advertising and Public Relations Co. saw its stock price rise by 10% to SR15.73.
Saudi Paper Manufacturing Co.'s share price advanced by 5.95% to SR57, while Methanol Chemicals Co. experienced a 3.90% increase in its stock price to SR9.60.
Conversely, Jahez International Co. for Information System Technology faced declines, with its stock price dropping by 4.79% to SR17.89.
On the corporate announcements front, Edarat Communication and Information Technology Co. secured a letter of award from Etihad Etisalat Co., commonly known as Mobily, for data center colocation services.
The one-year contract is valued at SR18.05 million and includes an optional extension that could raise its total value to SR59.6 million over five years.
The financial impact of this deal is expected to be reflected starting from the fourth quarter of 2025.
Following the announcement, Edarat's share price saw a 0.91% increase to SR222.
In other news, Foods Gate Trading Co. announced the opening of its new restaurant, Maman, located in Riyadh's Hittin District.
This development aligns with the company's strategy to expand its portfolio of owned brands and strengthen its position within the hospitality sector in Saudi Arabia.
Despite this announcement, Foods Gate Trading Co.'s stock price remained unchanged at SR31.80 on Thursday.
During trading, a total turnover of SR3.84 billion ($1.02 billion) was recorded, with 60 out of the listed stocks showing an increase and 189 experiencing declines.
In contrast, Saudi Arabia's parallel market, known as Nomu, bucked the trend by gaining 105.87 points to close at 24,242.38.
The MSCI Tadawul Index also edged down slightly, losing 0.89 points to settle at 1,451.47.
Among the top performers on the main market, Tihama Advertising and Public Relations Co. saw its stock price rise by 10% to SR15.73.
Saudi Paper Manufacturing Co.'s share price advanced by 5.95% to SR57, while Methanol Chemicals Co. experienced a 3.90% increase in its stock price to SR9.60.
Conversely, Jahez International Co. for Information System Technology faced declines, with its stock price dropping by 4.79% to SR17.89.
On the corporate announcements front, Edarat Communication and Information Technology Co. secured a letter of award from Etihad Etisalat Co., commonly known as Mobily, for data center colocation services.
The one-year contract is valued at SR18.05 million and includes an optional extension that could raise its total value to SR59.6 million over five years.
The financial impact of this deal is expected to be reflected starting from the fourth quarter of 2025.
Following the announcement, Edarat's share price saw a 0.91% increase to SR222.
In other news, Foods Gate Trading Co. announced the opening of its new restaurant, Maman, located in Riyadh's Hittin District.
This development aligns with the company's strategy to expand its portfolio of owned brands and strengthen its position within the hospitality sector in Saudi Arabia.
Despite this announcement, Foods Gate Trading Co.'s stock price remained unchanged at SR31.80 on Thursday.
