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%.