Saudi Stock Market: Tadawul All Share Index Drops to 10,593
The main index of Saudi Arabia's stock market, Tadawul All Share, fell on Sunday, closing at 10,593.97 after losing 0.58 percent.
Riyadh: Saudi Arabia's primary stock exchange saw its benchmark index, the Tadawul All Share Index, decline by 61.64 points or 0.58 percent on Sunday, ending the day at 10,593.97.
The trading volume for the day reached SR2.20 billion ($587 million), with a net movement that saw 93 stocks advancing and 153 retreating.
In addition to the main index, Saudi Arabia's parallel market, known as Nomu, experienced a decline of 34.30 points or 0.13 percent, closing at 25,525.29.
Within this segment, 34 stocks showed positive gains while 48 faced declines.
The MSCI Tadawul Index also saw a decrease, falling by 6.21 points or 0.45 percent to finish at 1,375.58.
Thimar Development Holding Co. led the day's top performers with its share price increasing by 10 percent to SR50.05.
Other notable gainers included Saudi Fisheries Co., which rose by 9.95 percent to SR96.65, and Ash-Sharqiyah Development Co., whose stock grew by 7.41 percent to SR16.82.
Conversely, Arriyadh Development Co. experienced the largest decline, with its share price dropping by 5.70 percent to reach SR31.42.
Al Sagr Cooperative Insurance Co. and Obeikan Glass Co. also saw reductions of 5 percent and 4.12 percent, respectively.
In terms of market announcements, LADUN Investment Co. secured the Mishraqiya Villas Development Project in Riyadh through a partnership with National Housing Co., a deal valued at SR446 million.
The project involves developing over 400 residential villas across an area of approximately 100,440 square meters.
LADUN stated that further updates regarding its agreement with NHC will be provided.
The company's stock closed the session at SR2.59, down by 3 percent.
Furthermore, Qomel Co. formalized a memorandum of understanding (MoU) with NUPCO — Waymade PLC to ensure consistent supply and enhance operational efficiency through their mutual cooperation in registering new products within Saudi Arabia.
This MoU does not establish any partnership or agency relationship between the parties but sets up a joint working team to draft a detailed work plan, which will be finalized upon signing.
Qomel's share price remained unchanged at SR49.80 by the close of trading.
The trading volume for the day reached SR2.20 billion ($587 million), with a net movement that saw 93 stocks advancing and 153 retreating.
In addition to the main index, Saudi Arabia's parallel market, known as Nomu, experienced a decline of 34.30 points or 0.13 percent, closing at 25,525.29.
Within this segment, 34 stocks showed positive gains while 48 faced declines.
The MSCI Tadawul Index also saw a decrease, falling by 6.21 points or 0.45 percent to finish at 1,375.58.
Thimar Development Holding Co. led the day's top performers with its share price increasing by 10 percent to SR50.05.
Other notable gainers included Saudi Fisheries Co., which rose by 9.95 percent to SR96.65, and Ash-Sharqiyah Development Co., whose stock grew by 7.41 percent to SR16.82.
Conversely, Arriyadh Development Co. experienced the largest decline, with its share price dropping by 5.70 percent to reach SR31.42.
Al Sagr Cooperative Insurance Co. and Obeikan Glass Co. also saw reductions of 5 percent and 4.12 percent, respectively.
In terms of market announcements, LADUN Investment Co. secured the Mishraqiya Villas Development Project in Riyadh through a partnership with National Housing Co., a deal valued at SR446 million.
The project involves developing over 400 residential villas across an area of approximately 100,440 square meters.
LADUN stated that further updates regarding its agreement with NHC will be provided.
The company's stock closed the session at SR2.59, down by 3 percent.
Furthermore, Qomel Co. formalized a memorandum of understanding (MoU) with NUPCO — Waymade PLC to ensure consistent supply and enhance operational efficiency through their mutual cooperation in registering new products within Saudi Arabia.
This MoU does not establish any partnership or agency relationship between the parties but sets up a joint working team to draft a detailed work plan, which will be finalized upon signing.
Qomel's share price remained unchanged at SR49.80 by the close of trading.
