Saudi Arabia’s Tadawul All Share Index (TASI) continued its upward trend for a second straight session on Tuesday, adding 43.62 points (0.38%) to close at 11,532.27. Trading turnover reached SR5.37 billion ($1.43 billion), with 120 stocks rising and 121 declining.
The Nomu parallel market also gained, surging 585.86 points to end at 27,928.99, while the MSCI Tadawul Index rose 0.41% to 1,474.55.
Top performers included Saudi Arabia Refineries Co., up 9.85%, and Zamil Industrial, rising 7.73%. Gulf General Insurance dropped 6.45%, among the worst performers.
Earnings season updates showed a mixed picture:
- Al-Babtain Power posted a 6.77% rise in Q1 net profit to SR88.2M, boosting its shares 1.45%.
- Tabuk Cement saw profits drop 28.35%, dragging its shares 0.50% lower.
- Riyadh Cement reported a 7.95% increase in profit, with shares up 0.45%.
- Arabian Drilling’s net profit plunged 48.63%, with its stock down 1.78%.
- Cenomi Retail returned to profitability with SR1.8M, lifting shares 2.71%.
Al-Jouf Agricultural recorded a 5.26% profit rise, boosting its shares 1.76%.