Closing Bell: Saudi main index closes in red at 10,591

01/12/2025 05:44 AST

Saudi Arabia's Tadawul All Share Index slipped on Sunday, shedding 49.77 points, or 0.47 percent, to close at 10,590.88.

The total trading turnover of the benchmark index stood at SR2.13 billion ($570 million), with 38 listed stocks advancing and 220 declining.

The Kingdom's parallel market Nomu also fell, dropping 113.97 points, or 0.47 percent, to close at 23,902.96.

The MSCI Tadawul Index edged down 0.36 percent to 1,388.68.

Retal Urban Development Co. was the best-performing stock of the day, with its share price rising 3.81 percent to SR12.25.

Saudi Cable Co.'s share price advanced 3.42 percent to SR142, while Alandalus Property Co. gained 3.27 percent to reach SR17.99.

Conversely, Tihama Advertising, Public Relations and Marketing Co. fell 8.26 percent to SR20.

On the announcements front, Shalfa Facilities Management Co. said it had entered into a framework agreement with National Water Co. to provide facility management services for NWC's buildings in the Southern region.

In a Tadawul filing, the company said the maximum value of the agreement is SR52.10 million, with no related parties involved.

Shares of Shalfa Facilities Management Co. were unchanged at SR56.

Saudi AZM for Communication and Information Technology Co. said it was awarded a project to provide consulting services for digital transformation by Elm Co.

According to a statement, the project value exceeds 5 percent of Saudi AZM's total revenues for the 2025 financial year. The company added that no related parties are involved in the deal.

Shares of Saudi AZM rose 2.41 percent to SR23.77.