Closing Bell: TASI ends in red at 10,823
The total trading turnover of the benchmark index reached SR4.41 billion ($1.17 billion), with 52 stocks advancing and 199 retreating.
The MSCI Tadawul Index also declined, dropping 5.36 points, or 0.38 percent, to close at 1,394.05.
The Kingdom's parallel market Nomu fell by 55.39 points, or 0.21 percent, closing at 26,725.89. A total of 22 stocks advanced, while 51 declined.
BAAN Holding Group Co. was the session's top performer, with its share price rising 8.70 percent to close at SR2.50.
Other notable gainers included Amlak International Finance Co., which rose 6.08 percent to SR12.04, and National Metal Manufacturing and Casting Co., up 2.28 percent to SR17.50.
Amlak's gains followed the release of its interim financial results for the period ending June 30, showing a 147.6 percent year-on-year increase in net profit to SR20.3 million.
Mobile Telecommunication Co. Saudi Arabia also recorded gains, with its share price increasing 1.96 percent to SR10.43.
On the other end, Tourism Enterprise Co. recorded the steepest decline, with its shares falling 10 percent to SR0.99.
Arabian Drilling Co. followed with a 9.98 percent drop to SR77.55 after announcing a 65 percent year-on-year decline in net profit to SR7 million for the second quarter ended June 30.
The company stated on Tadawul that the profit decline was primarily due to a fall in rig utilization — down to 79 percent from 91 percent in the same period last year — and higher finance costs stemming from increased gross debt. This was partially offset by a one-off asset impairment recorded in the second quarter of 2024.
United Carton Industries Co. also posted a notable decline of 7.48 percent, closing at SR31.42.
Jamjoom Pharmaceuticals Factory Co. and Gulf General Cooperative Insurance Co. posted losses of 4.38 percent and 4.16 percent, closing at SR161.40 and SR5.07, respectively.
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6 days ago
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Closing Bell: TASI ends in red at 10,823
RIYADH: Saudi Arabia's Tadawul All Share Index closed Tuesday's trading session at 10,823.91, marking a decline of 61.41 points, or 0.56 percent. The total trading turnover of the benchmark index reached SR4.41 billion ($1.17 billion), with 52 stocks advancing and 199 retreating. The MSCI Tadawul Index also declined, dropping 5.36 points, or 0.38 percent, to close at 1,394.05. The Kingdom's parallel market Nomu fell by 55.39 points, or 0.21 percent, closing at 26,725.89. A total of 22 stocks advanced, while 51 declined. BAAN Holding Group Co. was the session's top performer, with its share price rising 8.70 percent to close at SR2.50. Other notable gainers included Amlak International Finance Co., which rose 6.08 percent to SR12.04, and National Metal Manufacturing and Casting Co., up 2.28 percent to SR17.50. Amlak's gains followed the release of its interim financial results for the period ending June 30, showing a 147.6 percent year-on-year increase in net profit to SR20.3 million. Mobile Telecommunication Co. Saudi Arabia also recorded gains, with its share price increasing 1.96 percent to SR10.43. On the other end, Tourism Enterprise Co. recorded the steepest decline, with its shares falling 10 percent to SR0.99. Arabian Drilling Co. followed with a 9.98 percent drop to SR77.55 after announcing a 65 percent year-on-year decline in net profit to SR7 million for the second quarter ended June 30. The company stated on Tadawul that the profit decline was primarily due to a fall in rig utilization — down to 79 percent from 91 percent in the same period last year — and higher finance costs stemming from increased gross debt. This was partially offset by a one-off asset impairment recorded in the second quarter of 2024. United Carton Industries Co. also posted a notable decline of 7.48 percent, closing at SR31.42. Jamjoom Pharmaceuticals Factory Co. and Gulf General Cooperative Insurance Co. posted losses of 4.38 percent and 4.16 percent, closing at SR161.40 and SR5.07, respectively.
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