Closing Bell: Saudi Arabia's TASI ends higher in green at 110,914

31/07/2025 01:45 AST

Saudi Arabia's Tadawul All Share Index closed Wednesday's trading session higher at 10,914.38, marking an increase of 90.47 points, or 0.84 percent.

The total trading turnover of the benchmark index reached SR4.32 billion ($1.15 billion), with 145 stocks advancing and 100 declining.

The MSCI Tadawul Index also rose, climbing 13.03 points, or 0.93 percent, to close at 1,407.08.

The Kingdom's parallel market Nomu gained 83.19 points, or 0.31 percent, to close at 26,809.08. A total of 35 stocks advanced, while 36 retreated.

Thimar Development Holding Co. was the session's top performer, with its share price rising 10 percent to close at SR34.98.

Other notable gainers included ACWA Power Co., which rose 5.92 percent to SR223.50, and Halwani Bros. Co., up 4.38 percent to SR43.82.

Tanmiah Food Co. also posted gains, with its share price increasing 4.30 percent to SR91.

Sport Clubs Co. recorded the steepest decline, with its shares falling 7.17 percent to SR10.23.

Nahdi Medical Co. followed with a 5.53 percent drop to SR123.10, after announcing a 3.8 percent year-on-year decline in net profit to SR238.4 million for the second quarter ending June 30.

The company said on Tadawul that the drop in profit was primarily due to increased discounts and promotional offers by its Egyptian subsidiary to enhance competitiveness amid currency fluctuations.

Higher selling and distribution expenses related to new product marketing also weighed on earnings.

BAAN Holding Group Co. declined 4 percent to close at SR2.40.

Specialized Medical Co. posted a loss of 3.78 percent, closing at SR19.60, while Alandalus Property Co. declined 2.45 percent to SR19.53.