Saudi Stock Market: Tadawul Index Drops as Real Estate Sector Gains Momentum
Diverse trading activity observed in Saudi Arabia's stock market; MSCI Tadawul Index sees minor decline.
Riyadh, Saudi Arabia - The Tadawul All Share Index experienced a decline of 56.67 points on Wednesday, representing a 0.51 percent decrease and closing at 11,038.74.
Despite this, various sectors within the market showcased mixed performance.
The total trading turnover for the benchmark index reached SR4.01 billion ($1.06 billion), with 51 out of the listed stocks witnessing gains, while 195 faced declines.The MSCI Tadawul Index also registered a slight decrease, dropping by 5.89 points or 0.41 percent to close at 1,415.42.
The parallel market Nomu, however, demonstrated contrasting trends as it gained 43.62 points, equating to a 0.16 percent increase and closing at 27,345.08.
This growth was supported by 39 advancing stocks, offsetting the 43 that experienced declines.Several notable stocks stood out amongst the best performers on this day.
SHL Finance Co.'s share price surged by 4.77 percent to SR23.70.
Arabian Centers Co. followed closely with a 4.19 percent increase to SR22.15, and Mutakamela Insurance Co. also saw its share price rise by 3.71 percent to SR16.21.Conversely, the day's worst-performing stock was Emaar The Economic City, experiencing a decline of 3.63 percent to SR13.02.
Other decliners included Arriyadh Development Co., with shares dropping by 3.33 percent to SR31.32, and Alistithmar AREIC Diversified REIT Fund, whose shares fell by 3.31 percent to SR8.75.Market activity was further highlighted by significant announcements within the real estate sector.
Asas Makin Real Estate Development and Investment Co. entered into a contract with First Avenue for Real Estate Development Co., committing to execute the Jadah Al-Huda residential project in Riyadh.
Spanning 23,199 sq.
meters, this modern townhouse complex aims to cater to high-quality standards and urban integration in alignment with Saudi Arabia's real estate market demand.The 15-month contract represents 14.5 percent of the actual construction cost and is part of Asas Makin's strategic expansion plan to enhance its portfolio and diversify revenue streams.
The company anticipates positive financial impacts from this project, expecting it to contribute significantly to both its results and Saudi Arabia's real estate sector development.In related news, Al Yamamah Steel Industries Co. announced the completion of construction and initiation of trial operations at its new Al Yamamah Wind Power Systems Factory in Yanbu Industrial City.
Subject to regulatory approvals, commercial activities are set to commence on August 1st.
The factory's financial effects are expected to be reflected within Al Yamamah's consolidated financial statements from the third quarter of 2025.The company's shares demonstrated a positive response to this announcement, increasing by 3.61 percent and closing at SR34.42 on the main market.
Despite this, various sectors within the market showcased mixed performance.
The total trading turnover for the benchmark index reached SR4.01 billion ($1.06 billion), with 51 out of the listed stocks witnessing gains, while 195 faced declines.The MSCI Tadawul Index also registered a slight decrease, dropping by 5.89 points or 0.41 percent to close at 1,415.42.
The parallel market Nomu, however, demonstrated contrasting trends as it gained 43.62 points, equating to a 0.16 percent increase and closing at 27,345.08.
This growth was supported by 39 advancing stocks, offsetting the 43 that experienced declines.Several notable stocks stood out amongst the best performers on this day.
SHL Finance Co.'s share price surged by 4.77 percent to SR23.70.
Arabian Centers Co. followed closely with a 4.19 percent increase to SR22.15, and Mutakamela Insurance Co. also saw its share price rise by 3.71 percent to SR16.21.Conversely, the day's worst-performing stock was Emaar The Economic City, experiencing a decline of 3.63 percent to SR13.02.
Other decliners included Arriyadh Development Co., with shares dropping by 3.33 percent to SR31.32, and Alistithmar AREIC Diversified REIT Fund, whose shares fell by 3.31 percent to SR8.75.Market activity was further highlighted by significant announcements within the real estate sector.
Asas Makin Real Estate Development and Investment Co. entered into a contract with First Avenue for Real Estate Development Co., committing to execute the Jadah Al-Huda residential project in Riyadh.
Spanning 23,199 sq.
meters, this modern townhouse complex aims to cater to high-quality standards and urban integration in alignment with Saudi Arabia's real estate market demand.The 15-month contract represents 14.5 percent of the actual construction cost and is part of Asas Makin's strategic expansion plan to enhance its portfolio and diversify revenue streams.
The company anticipates positive financial impacts from this project, expecting it to contribute significantly to both its results and Saudi Arabia's real estate sector development.In related news, Al Yamamah Steel Industries Co. announced the completion of construction and initiation of trial operations at its new Al Yamamah Wind Power Systems Factory in Yanbu Industrial City.
Subject to regulatory approvals, commercial activities are set to commence on August 1st.
The factory's financial effects are expected to be reflected within Al Yamamah's consolidated financial statements from the third quarter of 2025.The company's shares demonstrated a positive response to this announcement, increasing by 3.61 percent and closing at SR34.42 on the main market.
