Saudi Main Market Rises 43 Points to 11,158
The Tadawul All Share Index gains 0.39 percent on Monday, driven by advances in several key stocks.
Riyadh: Saudi Arabia's benchmark stock market index, the Tadawul All Share Index, saw a rise of 43.38 points, representing a 0.39 percent increase, as trading concluded on Monday.
This brought the closing value to 11,158.45.
The MT30 index, which tracks the top 30 stocks on the exchange, also experienced an uptick with a gain of 3.31 points, equating to a 0.22 percent increase, reaching a final figure of 1,492.94.
Conversely, the parallel market Nomu saw a decrease, falling by 9.38 points or 0.04 percent to settle at 22,635.06.The day's trading activity was marked by significant turnover; with 319.18 million shares changing hands and a total transaction value of SR7.74 billion, which is equivalent to approximately $2 billion USD.
The session saw more companies posting gains than declines, with 135 stocks advancing and 112 declining.Saudi Arabian Dairy and Foodstuff Co. led the pack among gainers, its share price increasing by 9.97 percent to reach SR230.50.
Almarai Co., a prominent dairy producer, also experienced a surge of 9.97 percent, ending the day at SR45.22.
National Agricultural Development Co. saw its stock rise by 9.07 percent, closing at SR17.44.Middle East Specialized Cables Co. was another notable gainer, with its share price increasing by 8.26 percent to reach SR32.50.
Acwa also saw a gain of 8 percent, concluding the day's trading at SR199.90.On the flip side, declines were led by Jahez International Co. for Information System Technology whose stock price fell by 7.07 percent to close at SR13.01.
Advanced Building Industries Co.'s shares dropped 3.44 percent to finish at SR34.76, while Dallah Healthcare Co.'s stock lost 3.11 percent of its value, ending the day at SR112.Jouf Cement Co. experienced a decline of 2.95 percent in its share price, settling at SR5.27, and AFG International Co.'s shares dropped by 2.87 percent to close at SR14.90.In regulatory news, the Saudi Exchange announced that trading suspensions on the shares of Osool and Bakheet Investment Co. and Rawasi Albina Investment Co., previously lifted due to non-disclosure of financial statements for the period ending December 31, 2025, would be reinstated starting May 11.
The exchange stated that both companies had published their financial results on May 10 and May 7 respectively, leading to the resumption of trading.Additionally, the Saudi Exchange disclosed that fluctuation limits for Taiba Investments Co. and United International Holding Co. would be adjusted following shareholder approval of capital increases through bonus share distributions.
The adjusted prices were set at SR20.42 and SR43.74 for Taiba Investments and United International Holding respectively.
As a result of these adjustments, all outstanding orders for both companies will be canceled, and the Securities Depository Center is scheduled to distribute the bonus shares into investors' portfolios by May 13.
This brought the closing value to 11,158.45.
The MT30 index, which tracks the top 30 stocks on the exchange, also experienced an uptick with a gain of 3.31 points, equating to a 0.22 percent increase, reaching a final figure of 1,492.94.
Conversely, the parallel market Nomu saw a decrease, falling by 9.38 points or 0.04 percent to settle at 22,635.06.The day's trading activity was marked by significant turnover; with 319.18 million shares changing hands and a total transaction value of SR7.74 billion, which is equivalent to approximately $2 billion USD.
The session saw more companies posting gains than declines, with 135 stocks advancing and 112 declining.Saudi Arabian Dairy and Foodstuff Co. led the pack among gainers, its share price increasing by 9.97 percent to reach SR230.50.
Almarai Co., a prominent dairy producer, also experienced a surge of 9.97 percent, ending the day at SR45.22.
National Agricultural Development Co. saw its stock rise by 9.07 percent, closing at SR17.44.Middle East Specialized Cables Co. was another notable gainer, with its share price increasing by 8.26 percent to reach SR32.50.
Acwa also saw a gain of 8 percent, concluding the day's trading at SR199.90.On the flip side, declines were led by Jahez International Co. for Information System Technology whose stock price fell by 7.07 percent to close at SR13.01.
Advanced Building Industries Co.'s shares dropped 3.44 percent to finish at SR34.76, while Dallah Healthcare Co.'s stock lost 3.11 percent of its value, ending the day at SR112.Jouf Cement Co. experienced a decline of 2.95 percent in its share price, settling at SR5.27, and AFG International Co.'s shares dropped by 2.87 percent to close at SR14.90.In regulatory news, the Saudi Exchange announced that trading suspensions on the shares of Osool and Bakheet Investment Co. and Rawasi Albina Investment Co., previously lifted due to non-disclosure of financial statements for the period ending December 31, 2025, would be reinstated starting May 11.
The exchange stated that both companies had published their financial results on May 10 and May 7 respectively, leading to the resumption of trading.Additionally, the Saudi Exchange disclosed that fluctuation limits for Taiba Investments Co. and United International Holding Co. would be adjusted following shareholder approval of capital increases through bonus share distributions.
The adjusted prices were set at SR20.42 and SR43.74 for Taiba Investments and United International Holding respectively.
As a result of these adjustments, all outstanding orders for both companies will be canceled, and the Securities Depository Center is scheduled to distribute the bonus shares into investors' portfolios by May 13.
