Closing Bell: Saudi main index rises to close at 11,068

27/06/2025 03:54 AST

Saudi Arabia's Tadawul All Share Index rose on Thursday, gaining 94.29 points, or 0.86 percent, to close at 11,068.27.

The total trading turnover of the benchmark index was SR5.72 billion ($1.52 billion), as 206 of the stocks advanced and 40 retreated.

The Kingdom's parallel market Nomu gained 215.80 points, or 0.80 percent, to close at 27,053.10. This comes as 54 of the listed stocks advanced while 31 retreated.

The MSCI Tadawul Index increased 11.41 points, or 0.81 percent, to close at 1,418.88.

The best-performing stock of the day was Ades Holding Co., whose share price rose 6.97 percent to SR13.82.

Other top performers included National Gypsum Co., whose share price increased 5.66 percent to SR22.40, as well as Zamil Industrial Investment Co., which rose 5.42 percent to SR42.80.

Specialized Medical Co. recorded the most significant drop, falling 3.31 percent to SR23.36.

Saudi Advanced Industries Co. also saw its stock price fall 2.55 percent to SR26.75.

Al-Taiseer Group Talco Industrial Co.'s stock price declined 2.27 percent to SR43.10.

Dar Al-Arkan Real Estate Development Co. has closed its 14th sukuk issuance, marking the tenth tranche under its USD-denominated Islamic Sukuk Program, with a total size of SR2.81 billion, the company said in a statement to Tadawul.

The five-year sukuk, carrying an annual profit rate of 7.25 percent, was issued on June 25 and attracted strong demand from both regional and international investors. The order book reached SR10.8 billion, nearly four times oversubscribed, according to the bourse filing.

The issuance comprised 3,750 sukuk units, each with a par value of $200,000.

Dar Al-Arkan appointed Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Alkhair Capital, Al Rayan Investment LLC, Arqaam Capital, Bank ABC, and Dubai Islamic Bank as joint lead managers for the transaction.

Also on the mandate were Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, as well as Mashreq, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank.

Shares in Dar Al Arkan ended the session marginally lower, closing at SR19.22, down 0.10 percent.

The board of directors of Sahara International Petrochemical Co., also known as Sipchem, has approved SR362 million in cash dividends for the first half of 2025, according to a statement published on Tadawul.

The payout applies to 752 million eligible shares, translating to a dividend of SR0.50 per share, or 5 percent of the share's par value.

Shares in Sipchem closed the session higher at SR19.06, gaining 4.24 percent.