In a day marked by diverse performances, Saudi Arabia’s Tadawul All Share Index closed 0.26 percent lower at 11,099.98 points, with a total trading turnover of SR4.22 billion ($1.12 billion). While 75 listed stocks advanced, 146 experienced a retreat, reflecting a nuanced trading session. The parallel market, Nomu, also saw a marginal decline of 0.03 percent, closing at 24,096.91, with 22 stocks making gains and 26 witnessing a dip. Notable stock movements included Al-Omran Industrial Trading Co.’s 5.41 percent surge, while Al-Baha Investment and Development Co. faced a significant 6.67 percent decline.
Against the backdrop of market fluctuations, companies made significant announcements that added depth to the trading day. Alwasail Industrial Co. received board approval for the purchase of up to 500,000 shares within its employee stock incentive plan. National Agricultural Development Co. reported strong investor interest, with 161.46 million shares subscribed out of 200 million new shares. Al Moammar Information Systems secured a noteworthy contract worth SR24.87 million for a backup and storage solution, while Tam Development Co. inked a project contract with the Communications, Space, and Technology Commission, valued at SR1.98 million. The Saudi Exchange also expanded its offerings, announcing the listing and trading of shares of Almujtama Alraida Medical Co. on the Nomu market, reflecting the dynamism of the Saudi stock landscape.