Riyadh, Kingdom of Saudi Arabia - The main market of Saudi Arabia closed lower on Monday with the Tadawul All Share Index down 26.33 points, representing a decline of 0.25 percent to settle at 10,670.56.

The trading turnover reached SR3.87 billion ($1.03 billion) as 208.26 million shares were exchanged between buyers and sellers.

The session saw a total of 61 stocks advance in value while 186 declined.

The MSCI Tadawul 30 Index decreased by 0.56 points, representing a minimal decline of 0.04 percent to close at 1,381.50.

Additionally, the parallel market Nomu also experienced a downward trend, losing 9.80 points or 0.04 percent to settle at 25,933.23.

This movement was characterized by an increase in 36 stocks and a decrease in 45 stocks within the market.

Among the day's notable performers were Electrical Industries Co., Etihad Atheeb Telecommunication Co., SABIC Agri-Nutrients Co., Al Masane Al Kobra Mining Co., and Saudi Industrial Investment Group, which showed significant percentage gains.

Conversely, stocks such as Rabigh Refining and Petrochemical Co., Arab National Bank, Development Works Food Co., Qassim Cement Co., and AYYAN Investment Co. experienced substantial declines in value.

Several corporate announcements also impacted the market's dynamics.

Red Sea International Co. reported on the results of its shareholders meeting, which approved a major transaction involving a subsidiary through an initial public offering.

Additionally, Marketing Home Group for Trading Co. was listed and began trading on the main market following regulatory confirmation.

Obeikan Glass Co. announced it had finalized a deal to acquire all shares in its joint venture, Obeikan AGC Co., further influencing stock movements.

Furthermore, Jamjoom Fashion Trading Co., the parent company behind brands such as Nayomi and Mihyar, initiated an initial public offering on Nomu with a price range set between SR140 and SR145 per share, valuing the offering at between SR334 million to SR346 million.