Saudi Press

Saudi Arabia and the world
Saturday, Jul 12, 2025

TASI loses steam on weak global outlook: Closing bell  

TASI loses steam on weak global outlook: Closing bell  

Saudi Arabia’s main index mostly traded in the flat-to-negative territory on Thursday, reflecting the weak outlook and softer demand of the global markets.
The Tadawul All Share Index slipped 0.08 percent to end at 11,142, even as the parallel market Nomu rose 1.02 percent to 18,838.

Of the 218 companies listed on TASI, 113 advanced, while 93 declined. The total trading turnover was SR4.23 billion ($1.13 billion).

The market picked up the negative cues in the energy market, marred by global geopolitical uncertainty and China’s declining demand for crude.

Brent crude futures fell by 1.1 percent to $91.82 a barrel by 0430 GMT. US West Texas Intermediate crude futures slid 1.4 percent to $84.42 a barrel.

Saudi Arabian Oil Co. closed flat at SR33.70 per share. The oil giant — known as Aramco — has earlier posted a 39 percent surge in the third quarter of 2022, surpassing the average of analysts’ forecasts.

Profits at Aramco hit SR159 billion after revenue soared 51 percent to SR544 billion.

Alamar Foods was among the top gainers, closing 4.8 percent to SR148.60 per share. The quick-service restaurant operator on Tuesday announced a dividend of SR0.7 per share.

The other top gainers included Gulf Union Alahlia Cooperative Insurance Co., Saudi Automotive Services Co., Allianz Saudi Fransi Cooperative Insurance Co. and Halwani Bros.

Alkhorayef Water and Power Technologies Co., which on Thursday awarded an SR55.9 million operations and maintenance contract to National Water Co., rose 2 percent to SR142 per share.

Abdulmohsen Alhokair Group for Tourism and Development also closed higher at 1.97 percent to SR20.70 per share. The company on Thursday reduced its capital to SR315 million by absorbing its accumulated losses of SR335 million.

On the banking front, Saudi National Bank, the Kingdom’s largest lender, gained 1.3 percent, while Saudi Arabia’s most valuable bank, Al Rajhi, slipped 0.12 percent.

The conspicuous losers were Tourism Enterprise Co., Naqi Water Co, Saudi Arabian Amiantit Co. and Arabian Shield Cooperative Insurance Co..

Saudi Tadawul Group Holding Co. also fell 3.48 percent to close at SR172 per share.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
×