March 4, 2025

Tadawul Closes Lower as Market Sees Broad Declines 📉

Saudi Arabia’s Tadawul All Share Index fell 0.63% on Sunday, closing 76.45 points lower at 12,035.45. Trading volume reached SR3.45 billion ($922 million), with 37 stocks advancing and 209 declining.

Market Performance

📊 Nomu (Parallel Market) gained 0.57%, closing at 31,582.35, with 26 stocks up and 61 down.
📊 MSCI Tadawul Index dipped 0.17% to 1,512.22.

Top Movers

✅ Biggest Gainer: Saudi Cable Co. surged 5.79% to SR131.60.
✅ Other Risers:

  • Elm Co. (+4.24% to SR1,110)
  • Middle East Pharmaceutical Industries Co. (+1.96% to SR135.40)

❌ Biggest Loser: SAL Saudi Logistics Services Co. fell 9.98% to SR220.20.
❌ Other Declines:

  • Batic Investments & Logistics Co. (-9.76% to SR3.05)
  • Al-Baha Investment & Development Co. (-7.32% to SR0.38)

Earnings Highlights

📢 Saudi Tadawul Group Holding Co. reported a 59.4% rise in net profit to SR621.8 million for 2024, driven by strong revenue growth.
💰 Stock closed at SR213, down 0.47%.

📢 Retal Urban Development Co. saw a 31.51% increase in net profit to SR266.12 million, despite higher expenses.
💰 Stock closed at SR16.06, up 0.25%.

📢 Al-Rajhi Co. for Cooperative Insurance posted a 1.3% net profit rise to SR332.3 million, but saw increased operating expenses.
💰 Stock closed at SR165, down 2.04%.

📢 Shatirah House Restaurant Co. (BURGERIZZR) reported a 31.25% drop in net profit to SR8.44 million, citing higher costs.
💰 Stock closed at SR21.50, down 2.85%.

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