Saudi Main Market Closes in Red; Key Gainers and Losers
The Tadawul All Share Index Falls as Gulf Insurance Group and Other Stocks See Significant Gains.
Riyadh: Saudi Arabia's benchmark stock market index, the Tadawul All Share Index, declined by 57.70 points or 0.52 percent on Wednesday, closing at 10,949.27.
The MT30 index also dropped, down 4.59 points or 0.31 percent to settle at 1,461.56.
Conversely, the parallel market Nomu saw an increase of 85.64 points, representing a 0.38 percent rise, and closing at 22,811.84.
In terms of trading volume on the main market, a total of 320,962,911 shares changed hands with a combined value of SR6.72 billion ($1.79 billion).
The session saw 116 stocks move higher while 137 recorded declines in price.
Gulf Insurance Group led the pack among gainers, surging by 9.08 percent to reach SR27.26.
The Power and Water Utility Co. for Jubail and Yanbu also fared well, advancing by 8.46 percent to settle at SR37.18.
Arabian Mills for Food Products Co. gained 8.13 percent, closing at SR43.10.
Other notable gainers included Al Moammar Information Systems Co., which rose by 6.95 percent to reach SR180, and The Cooperative Insurance Company saw its stock price increase by 6.20 percent to close at SR137.10.
On the flip side, Wataniya Insurance Co. suffered a decline of 9.99 percent, closing at SR13.33.
Allied Cooperative Insurance Group dropped by 8.21 percent to settle at SR6.15, and Riyadh Cables Group Co. lost 7.86 percent, ending the day at SR119.50.
Further declines were observed in Rabigh Refining and Petrochemical Co., which fell 7.26 percent to close at SR13.54, and Retal Urban Development Co., which dropped by 6.23 percent to settle at SR13.99.
Among announcements, Naqi Water reported a significant increase in net profit for the first quarter of 2026, rising by 70.72 percent year-on-year to reach SR6.21 million.
This improvement was attributed primarily to higher revenues and enhanced operational performance.
Elm Co. also released its financial results, showing a 32.53 percent rise in net profit for the same period to reach SR656 million.
The company's revenue grew by 31.70 percent year-on-year, reaching SR2.47 billion, bolstered by growth across digital business, business process outsourcing, and professional services.
The session concluded with Naqi Water Co.'s stock closing at SR52.85, up 1.63 percent, while Elm's shares rose to SR598, marking a gain of 3.28 percent.
The MT30 index also dropped, down 4.59 points or 0.31 percent to settle at 1,461.56.
Conversely, the parallel market Nomu saw an increase of 85.64 points, representing a 0.38 percent rise, and closing at 22,811.84.
In terms of trading volume on the main market, a total of 320,962,911 shares changed hands with a combined value of SR6.72 billion ($1.79 billion).
The session saw 116 stocks move higher while 137 recorded declines in price.
Gulf Insurance Group led the pack among gainers, surging by 9.08 percent to reach SR27.26.
The Power and Water Utility Co. for Jubail and Yanbu also fared well, advancing by 8.46 percent to settle at SR37.18.
Arabian Mills for Food Products Co. gained 8.13 percent, closing at SR43.10.
Other notable gainers included Al Moammar Information Systems Co., which rose by 6.95 percent to reach SR180, and The Cooperative Insurance Company saw its stock price increase by 6.20 percent to close at SR137.10.
On the flip side, Wataniya Insurance Co. suffered a decline of 9.99 percent, closing at SR13.33.
Allied Cooperative Insurance Group dropped by 8.21 percent to settle at SR6.15, and Riyadh Cables Group Co. lost 7.86 percent, ending the day at SR119.50.
Further declines were observed in Rabigh Refining and Petrochemical Co., which fell 7.26 percent to close at SR13.54, and Retal Urban Development Co., which dropped by 6.23 percent to settle at SR13.99.
Among announcements, Naqi Water reported a significant increase in net profit for the first quarter of 2026, rising by 70.72 percent year-on-year to reach SR6.21 million.
This improvement was attributed primarily to higher revenues and enhanced operational performance.
Elm Co. also released its financial results, showing a 32.53 percent rise in net profit for the same period to reach SR656 million.
The company's revenue grew by 31.70 percent year-on-year, reaching SR2.47 billion, bolstered by growth across digital business, business process outsourcing, and professional services.
The session concluded with Naqi Water Co.'s stock closing at SR52.85, up 1.63 percent, while Elm's shares rose to SR598, marking a gain of 3.28 percent.
