Saudi Stock Market: Tadawul All Share Index Rises, Closing at 11,179
JEDDAH - Saudi Arabia's stock market witnessed a positive movement on Tuesday, with the main benchmark index closing higher.
The Tadawul All Share Index experienced an upward trend on Tuesday, increasing by 11.44 points or 0.1 percent to close at 11,179.95.
The overall trading turnover for the benchmark index amounted to SR5.34 billion ($1.42 billion), reflecting a diverse range of stock activities.
Out of the total 84 advancing stocks, 178 experienced declines, indicating a mixed market performance.
In contrast, Saudi Arabia's parallel market, Nomu, witnessed a decrease of 60.27 points or 0.26 percent, closing at 22,888.96.
While 34 stocks advanced in this segment, 44 faced declines.
The MSCI Tadawul Index also showed positive growth, increasing by 2.22 points or 0.15 percent to conclude the day at 1,495.89.
Umm Al-Qura Cement Co. led the gainers with a 10 percent rise in its stock price, reaching SR13.09 and contributing 1.19 points to the index.
Saudi Chemical Co. followed closely, advancing by 6.14 percent to reach SR8.64.
United Carton Industries Co. also made notable contributions to the market's growth, with its shares climbing 5.13 percent to SR25.84.
Despite the overall positive performance of the market, certain stocks experienced significant declines.
Leejam Sports Co. led this segment, witnessing a fall of 9.96 percent and closing at SR80 after decreasing by 8.85 points.
Electrical Industries Co.'s stock also retreated, dropping 3.77 percent to settle at SR17.10, down SR0.67.
Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its shares fall by 3.68 percent, ending the day at SR41.34 and shedding 1.58 points.
On a more positive note, Al-Modawat Specialized Medical Co. made an announcement regarding the launch of a Saudi riyal-denominated sukuk program worth SR30 million.
The initial tranche of this program amounted to SR20 million, offered through Sukuk Financial Co. Investors could subscribe for a minimum of SR1,000 per unit, with each unit having a face value of SR1,000.
The subscription period ran from April 28 to May 12, during which the company's stock price rose by 2.14 percent to close at SR4.29.
In addition, shareholders of Saudi Basic Industries Corp., whose shares closed at SR60.85 (a decrease of 0.57 percent), approved several routine resolutions at their general assembly meeting held on April 27.
These included financial statements for the year 2025, the discharge of board members, and authorization to distribute interim dividends for 2026.
The meeting also saw the appointment of Ibrahim Qasim Al-Buainain as a non-executive director and an update to the company's corporate social responsibility policy.
Jamjoom Pharmaceuticals Factory Co.'s stock ended the session at SR156 (up 0.32 percent) after reporting a net profit of SR168 million for the first quarter ending March 31.
This represented a year-on-year increase of 7.11 percent, driven by improved operating leverage, cost discipline, and favorable product mix.
The company's net profit margin rose to 34.9 percent.
Leejam Sports Co., meanwhile, approved cash dividends for the first quarter of 2026 totaling SR29.3 million or SR0.58 per share, representing a 5.8 percent increase from the share par value.
However, the distribution date will be announced later.
National Environmental Recycling Co. posted a net profit of SR20.5 million for the three months ended March 31, marking a year-on-year increase of 12.1 percent, thanks to strong export growth and new contracts.
Despite this, the company's stock closed at SR3.51 (down 1.13 percent).
This comprehensive report provides an in-depth analysis of the Saudi stock market's performance on Tuesday, highlighting key trends, notable stocks, and significant announcements.
The overall trading turnover for the benchmark index amounted to SR5.34 billion ($1.42 billion), reflecting a diverse range of stock activities.
Out of the total 84 advancing stocks, 178 experienced declines, indicating a mixed market performance.
In contrast, Saudi Arabia's parallel market, Nomu, witnessed a decrease of 60.27 points or 0.26 percent, closing at 22,888.96.
While 34 stocks advanced in this segment, 44 faced declines.
The MSCI Tadawul Index also showed positive growth, increasing by 2.22 points or 0.15 percent to conclude the day at 1,495.89.
Umm Al-Qura Cement Co. led the gainers with a 10 percent rise in its stock price, reaching SR13.09 and contributing 1.19 points to the index.
Saudi Chemical Co. followed closely, advancing by 6.14 percent to reach SR8.64.
United Carton Industries Co. also made notable contributions to the market's growth, with its shares climbing 5.13 percent to SR25.84.
Despite the overall positive performance of the market, certain stocks experienced significant declines.
Leejam Sports Co. led this segment, witnessing a fall of 9.96 percent and closing at SR80 after decreasing by 8.85 points.
Electrical Industries Co.'s stock also retreated, dropping 3.77 percent to settle at SR17.10, down SR0.67.
Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its shares fall by 3.68 percent, ending the day at SR41.34 and shedding 1.58 points.
On a more positive note, Al-Modawat Specialized Medical Co. made an announcement regarding the launch of a Saudi riyal-denominated sukuk program worth SR30 million.
The initial tranche of this program amounted to SR20 million, offered through Sukuk Financial Co. Investors could subscribe for a minimum of SR1,000 per unit, with each unit having a face value of SR1,000.
The subscription period ran from April 28 to May 12, during which the company's stock price rose by 2.14 percent to close at SR4.29.
In addition, shareholders of Saudi Basic Industries Corp., whose shares closed at SR60.85 (a decrease of 0.57 percent), approved several routine resolutions at their general assembly meeting held on April 27.
These included financial statements for the year 2025, the discharge of board members, and authorization to distribute interim dividends for 2026.
The meeting also saw the appointment of Ibrahim Qasim Al-Buainain as a non-executive director and an update to the company's corporate social responsibility policy.
Jamjoom Pharmaceuticals Factory Co.'s stock ended the session at SR156 (up 0.32 percent) after reporting a net profit of SR168 million for the first quarter ending March 31.
This represented a year-on-year increase of 7.11 percent, driven by improved operating leverage, cost discipline, and favorable product mix.
The company's net profit margin rose to 34.9 percent.
Leejam Sports Co., meanwhile, approved cash dividends for the first quarter of 2026 totaling SR29.3 million or SR0.58 per share, representing a 5.8 percent increase from the share par value.
However, the distribution date will be announced later.
National Environmental Recycling Co. posted a net profit of SR20.5 million for the three months ended March 31, marking a year-on-year increase of 12.1 percent, thanks to strong export growth and new contracts.
Despite this, the company's stock closed at SR3.51 (down 1.13 percent).
This comprehensive report provides an in-depth analysis of the Saudi stock market's performance on Tuesday, highlighting key trends, notable stocks, and significant announcements.
