Saudi Stock Market: Tadawul Index Edges Higher to Close at 11,193
RIYADH - Saudi Arabia's Tadawul All Share Index gained 5.18 points, or 0.05 percent, on Sunday, closing at 11,192.84.
The Saudi stock market, represented by the Tadawul All Share Index, showed a modest increase on Sunday.
The index rose by 5.18 points, equivalent to a 0.05 percent gain, concluding the day at 11,192.84.
The trading activity during the session was substantial, with a total turnover of SR4.29 billion ($1.14 billion).
This movement saw 181 out of the listed stocks advancing, while 73 experienced declines.
In parallel, the Nomu market, which operates as Saudi Arabia's secondary bourse for smaller and mid-sized companies, also witnessed an uptick.
It gained 56.26 points, reaching a closing value of 22,938.40.
Additionally, the MSCI Tadawul Index exhibited a positive trend, increasing by 0.09 percent to settle at 1,493.03.
The market's performance was varied among individual stocks.
Red Sea International Co. recorded the highest gain, with its share price rising by 9.98 percent to SR27.
Saudi Enaya Cooperative Insurance Co.'s share price also saw significant growth, increasing by 9.95 percent to SR10.39.
Furthermore, Saudi Industrial Investment Group experienced a notable surge, with its stock price climbing by 8.24 percent to SR15.10.
Conversely, Rabigh Refining and Petrochemical Co. faced declines, with its share price dropping by 4.86 percent to SR14.11.
Market announcements provided insights into the financial health of several companies.
SAL Saudi Logistics Services Co., for instance, reported a net profit of SR156.60 million for the first quarter of the year, representing a 2.29 percent increase compared to the corresponding period in 2025.
The company attributed this improvement to a 16.07 percent increase in revenue, primarily driven by strong performance in its cargo ground-handling segment.
Following this announcement, SAL Saudi Logistics Services Co.'s share price increased by 0.30 percent to SR164.90.
Elsewhere, ADES Holding Co. secured a significant contract worth SR347.6 million for the Shelf Drilling Victory rig in Nigeria with a local independent oil and gas company.
Operations are expected to begin in the second half of the year, post-completion of current activities in the country.
Consequently, ADES Holding Co.'s share price experienced a slight decline, reducing by 0.71 percent to SR19.46.
Overall, the Saudi stock market closed with modest gains, reflecting a mixed performance among individual stocks and significant business developments.
The index rose by 5.18 points, equivalent to a 0.05 percent gain, concluding the day at 11,192.84.
The trading activity during the session was substantial, with a total turnover of SR4.29 billion ($1.14 billion).
This movement saw 181 out of the listed stocks advancing, while 73 experienced declines.
In parallel, the Nomu market, which operates as Saudi Arabia's secondary bourse for smaller and mid-sized companies, also witnessed an uptick.
It gained 56.26 points, reaching a closing value of 22,938.40.
Additionally, the MSCI Tadawul Index exhibited a positive trend, increasing by 0.09 percent to settle at 1,493.03.
The market's performance was varied among individual stocks.
Red Sea International Co. recorded the highest gain, with its share price rising by 9.98 percent to SR27.
Saudi Enaya Cooperative Insurance Co.'s share price also saw significant growth, increasing by 9.95 percent to SR10.39.
Furthermore, Saudi Industrial Investment Group experienced a notable surge, with its stock price climbing by 8.24 percent to SR15.10.
Conversely, Rabigh Refining and Petrochemical Co. faced declines, with its share price dropping by 4.86 percent to SR14.11.
Market announcements provided insights into the financial health of several companies.
SAL Saudi Logistics Services Co., for instance, reported a net profit of SR156.60 million for the first quarter of the year, representing a 2.29 percent increase compared to the corresponding period in 2025.
The company attributed this improvement to a 16.07 percent increase in revenue, primarily driven by strong performance in its cargo ground-handling segment.
Following this announcement, SAL Saudi Logistics Services Co.'s share price increased by 0.30 percent to SR164.90.
Elsewhere, ADES Holding Co. secured a significant contract worth SR347.6 million for the Shelf Drilling Victory rig in Nigeria with a local independent oil and gas company.
Operations are expected to begin in the second half of the year, post-completion of current activities in the country.
Consequently, ADES Holding Co.'s share price experienced a slight decline, reducing by 0.71 percent to SR19.46.
Overall, the Saudi stock market closed with modest gains, reflecting a mixed performance among individual stocks and significant business developments.
