Saudi Stock Market: Tadawul All Share Index Drops 0.80 Percent
RIYADH - Saudi Arabia's main stock market index slipped on Sunday as trading turnover stood at SR3.39 billion.
Riyadh, Saudi Arabia - The Saudi stock market experienced a minor decline on Sunday, with the Tadawul All Share Index closing lower at 10,833.10 after slipping by 87.17 points or 0.80 percent throughout the day.
The trading activities saw a total turnover of SR3.39 billion, highlighting a diverse mix of advancing and declining stocks within the benchmark index.
Among the 62 stocks that experienced an increase, 187 stocks faced declines, reflecting a varied market performance.The parallel market known as Nomu also mirrored this trend, with its own decline of 169.14 points or 0.63 percent, leading it to close at 26,755.84.
This movement was characterized by a slight edge towards advancing stocks, with 30 out of the total 80 listed companies seeing an upward shift in their share prices.The broader MSCI Tadawul Index also felt the impact of this market sentiment, losing 11.09 points or 0.79 percent to settle at 1,398.65.The market's performance was not uniformly negative; certain stocks demonstrated significant gains.
Sport Clubs Co. led the positive movers by seeing its share price rise by a substantial 9.96 percent to SR12.37.
Thimar Development Holding Co. and Nama Chemicals Co. also experienced notable increases, with their respective shares advancing by 6.67 percent to SR38.68 and 5.72 percent to SR26.24.However, the decline in Saudi Aramco Base Oil Co., or Luberef, stood out for its magnitude.
The company's share price dropped precipitously by 9.96 percent to reach SR94.00.
Jabal Omar Development Co.'s stock also faced declines, falling by 5.39 percent to SR18.96, and Dar Alarkan Real Estate Development Co. saw its shares decrease by 4.35 percent to SR18.27.Market announcements played a significant role in shaping investor sentiment.
Saudi Basic Industries Corp., or SABIC, released its interim financial results for the period ending June 30, revealing a notable shift from profitability to net loss.
The company incurred a net loss of SR5.28 billion during the first six months of 2025, compared to a net profit of SR2.43 billion in the same period last year.
This drastic change was primarily attributed to various factors including impairment charges, provisions, strategic restructuring initiatives, and a significant zakat expense.Despite this challenging financial performance, SABIC's board recommended distributing cash dividends amounting to SR4.5 billion for the first half of 2025.
These dividends would be distributed among the 3 billion shares eligible, at a rate of SR1.5 per share, representing a dividend yield of 15 percent of the share's par value.Luberef also reported its financial results, posting a net profit that fell by 13.2 percent year-on-year to SR446 million.
The company attributed this decline primarily to lower crack margins for by-products and decreased base oil sales volumes, despite improvements in base oil crack margins.
Luberef further announced its board's recommendation to distribute cash dividends of SR168 million for the first half of 2025, with a dividend per share amounting to SR1 or 10 percent of the par value.
The trading activities saw a total turnover of SR3.39 billion, highlighting a diverse mix of advancing and declining stocks within the benchmark index.
Among the 62 stocks that experienced an increase, 187 stocks faced declines, reflecting a varied market performance.The parallel market known as Nomu also mirrored this trend, with its own decline of 169.14 points or 0.63 percent, leading it to close at 26,755.84.
This movement was characterized by a slight edge towards advancing stocks, with 30 out of the total 80 listed companies seeing an upward shift in their share prices.The broader MSCI Tadawul Index also felt the impact of this market sentiment, losing 11.09 points or 0.79 percent to settle at 1,398.65.The market's performance was not uniformly negative; certain stocks demonstrated significant gains.
Sport Clubs Co. led the positive movers by seeing its share price rise by a substantial 9.96 percent to SR12.37.
Thimar Development Holding Co. and Nama Chemicals Co. also experienced notable increases, with their respective shares advancing by 6.67 percent to SR38.68 and 5.72 percent to SR26.24.However, the decline in Saudi Aramco Base Oil Co., or Luberef, stood out for its magnitude.
The company's share price dropped precipitously by 9.96 percent to reach SR94.00.
Jabal Omar Development Co.'s stock also faced declines, falling by 5.39 percent to SR18.96, and Dar Alarkan Real Estate Development Co. saw its shares decrease by 4.35 percent to SR18.27.Market announcements played a significant role in shaping investor sentiment.
Saudi Basic Industries Corp., or SABIC, released its interim financial results for the period ending June 30, revealing a notable shift from profitability to net loss.
The company incurred a net loss of SR5.28 billion during the first six months of 2025, compared to a net profit of SR2.43 billion in the same period last year.
This drastic change was primarily attributed to various factors including impairment charges, provisions, strategic restructuring initiatives, and a significant zakat expense.Despite this challenging financial performance, SABIC's board recommended distributing cash dividends amounting to SR4.5 billion for the first half of 2025.
These dividends would be distributed among the 3 billion shares eligible, at a rate of SR1.5 per share, representing a dividend yield of 15 percent of the share's par value.Luberef also reported its financial results, posting a net profit that fell by 13.2 percent year-on-year to SR446 million.
The company attributed this decline primarily to lower crack margins for by-products and decreased base oil sales volumes, despite improvements in base oil crack margins.
Luberef further announced its board's recommendation to distribute cash dividends of SR168 million for the first half of 2025, with a dividend per share amounting to SR1 or 10 percent of the par value.
