Saudi Stock Market Update: Tadawul All Share Index Drops to Close at 10,945
Riyadh, Saudi Arabia - The Kingdom's main stock market index falls by 0.35% as trading turnover reaches SR4.92 billion.
The Saudi stock market saw a slight decline on Thursday, with the Tadawul All Share Index (TASI) closing at 10,945.80 after slipping 38.13 points, representing a decrease of 0.35%.
This decline was observed amid a total trading turnover reaching SR4.92 billion, highlighting active engagement in the market.
The session saw a mixed performance among listed stocks, with 112 advancing and 137 declining.
The parallel market, known as Nomu, also experienced growth, increasing by 120.10 points or 0.45% to finish at 26,898.25.
Within this segment, 49 out of 73 listed stocks saw an increase in value, while 24 suffered declines.
The MSCI Tadawul Index mirrored the downward trend, losing 3.66 points, equivalent to a decline of 0.26%, to close at 1,408.07.Among the standout performers on Thursday was Saudi AZM for Communication and Information Technology Co., whose stock price surged by 9.96% to SR29.14, marking it as the best-performing stock of the day.
Other notable gainers included Northern Region Cement Co., which saw its share price rise by 6.29% to SR8.11, and Obeikan Glass Co., experiencing a 6.20% increase to SR37.Conversely, Sport Clubs Co. recorded the most significant decline, with its stock price falling by 7.34% to SR10.22.
Gulf Union Alahlia Cooperative Insurance Co. also faced declines, seeing its share price decrease by 4.56% to SR14.22, while National Medical Care Co. dropped 3.51% to close at SR164.80.In terms of financial announcements, Electrical Industries Co. released its interim results for the period ending June 30, reporting a net profit of SR260 million, reflecting a 47.9% increase compared to the same period in the previous year.
This improvement was attributed to an expanded product mix and higher sales of items with stronger profit margins.
Despite this positive report, Electrical Industries Co.'s stock price ended the session at SR8.99, down by 2.21%.Additionally, Alinma Bank announced its interim financial results for the first half of the year, revealing a net profit of SR3.08 billion, representing a 12.8% increase year on year.
The growth in net income was primarily driven by expanded operating income, which rose by 8.5%, mainly due to increased returns from financing and investments, along with higher fee and foreign exchange income.
Furthermore, the bank recommended distributing SR746 million in cash dividends to shareholders for the second quarter of 2025, representing a dividend per share of SR0.30 after deducting Zakat.
Despite this positive development, Alinma Bank's stock price closed the session at SR26.38, down by 1.60%.
This decline was observed amid a total trading turnover reaching SR4.92 billion, highlighting active engagement in the market.
The session saw a mixed performance among listed stocks, with 112 advancing and 137 declining.
The parallel market, known as Nomu, also experienced growth, increasing by 120.10 points or 0.45% to finish at 26,898.25.
Within this segment, 49 out of 73 listed stocks saw an increase in value, while 24 suffered declines.
The MSCI Tadawul Index mirrored the downward trend, losing 3.66 points, equivalent to a decline of 0.26%, to close at 1,408.07.Among the standout performers on Thursday was Saudi AZM for Communication and Information Technology Co., whose stock price surged by 9.96% to SR29.14, marking it as the best-performing stock of the day.
Other notable gainers included Northern Region Cement Co., which saw its share price rise by 6.29% to SR8.11, and Obeikan Glass Co., experiencing a 6.20% increase to SR37.Conversely, Sport Clubs Co. recorded the most significant decline, with its stock price falling by 7.34% to SR10.22.
Gulf Union Alahlia Cooperative Insurance Co. also faced declines, seeing its share price decrease by 4.56% to SR14.22, while National Medical Care Co. dropped 3.51% to close at SR164.80.In terms of financial announcements, Electrical Industries Co. released its interim results for the period ending June 30, reporting a net profit of SR260 million, reflecting a 47.9% increase compared to the same period in the previous year.
This improvement was attributed to an expanded product mix and higher sales of items with stronger profit margins.
Despite this positive report, Electrical Industries Co.'s stock price ended the session at SR8.99, down by 2.21%.Additionally, Alinma Bank announced its interim financial results for the first half of the year, revealing a net profit of SR3.08 billion, representing a 12.8% increase year on year.
The growth in net income was primarily driven by expanded operating income, which rose by 8.5%, mainly due to increased returns from financing and investments, along with higher fee and foreign exchange income.
Furthermore, the bank recommended distributing SR746 million in cash dividends to shareholders for the second quarter of 2025, representing a dividend per share of SR0.30 after deducting Zakat.
Despite this positive development, Alinma Bank's stock price closed the session at SR26.38, down by 1.60%.
