Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Subscription Commencement in 2nd Issue of Islamic Ijara Murabaha Sukuk through Bahrain Bourse
- Bahrain All Share Index, Islamic Index close lower
- Almarai ranks as the fourth most valuable dairy brand globally for third consecutive year
- Restructuring Moves SABIC to Reclaim Ground in the Petrochemicals Race
- Kuwait's Merged Warba-Gulf Bank Can Grow for 10 years without Capital Hike
- Stocks slip during trading as investors await key Fed speech
- Qatar Stock Exchange sees profit-taking after strong rally
- Masdar achieves record portfolio growth in 2024
- Blackline Safety lands big Adnoc order for gas detectors, beacons
- UAE's GCAA issues new airport crisis management regulation
22/08/2025 02:37 AST
Saudi Arabia's Tadawul All Share Index edged lower on Thursday, slipping 11.24 points, or 0.10 percent, to end at 10,866.83.
The benchmark's total trading turnover stood at SR5.21 billion ($1.38 billion), with 87 stocks advancing and 159 declining.
Similarly, the Kingdom's parallel market Nomu fell 94.16 points, or 0.35 percent, to settle at 26,535.79, as 42 stocks gained while 51 retreated.
Meanwhile, the MSCI Tadawul Index inched up 2.43 points, or 0.17 percent, to close at 1,409.05.
The best-performing stock of the day was Saudi Basic Industries Corp., which jumped 7.65 percent to SR61.90.
Other notable gainers included Sahara International Petrochemical Co., up 5.32 percent to SR20.01, and Fawaz Abdulaziz Alhokair Co., which climbed 5.17 percent to SR23.99.
On the other hand, Halwani Bros. Co. posted the sharpest loss, falling 4.92 percent to SR43.26.
Jahez International Co. for Information System Technology fell 3.84 percent to SR22.31, while Saudi Awwal Bank declined 3.73 percent to SR30.96.
On the corporate announcements front, Axelerated Solutions for Information and Communication Technology Co. released its interim financial results for the period ending June 30.
According to a Tadawul statement, the company posted a net profit of SR33.8 million during the first half of the year, up 94 percent from the same period last year.
The profit growth was mainly attributed to a 91 percent surge in gross profit to SR45.4 million, compared to SR23.8 million a year earlier, alongside an SR86.8 million increase in revenue and an SR1.8 million boost in other income.
The company's board also recommended distributing SR8.4 million in cash dividends to shareholders for the first half of 2025.
A Tadawul filing showed that 28 million shares are eligible, with a dividend of SR0.30 per share, equivalent to 30 percent of the share's par value.
Axelerated Solutions closed the session at SR28, marking a 3.70 percent gain.
Arriyadh Development Co. announced an update on its partnership agreement with Saudi Real Estate Co. and Riyadh Holding Co. to establish a special-purpose vehicle to develop educational complexes.
Arriyadh Development Co. ended the day at SR32.70, up 0.86 percent.
Arab News
| Ticker | Price | Volume |
|---|
22/08/2025
Bahrain Bourse (BHB) announced that as of Sunday, August 24, and according to the invitation announced by the Central Bank of Bahrain (CBB), Bahraini and Non-Bahraini investors can directly subscribe
BNA
22/08/2025
Bahrain All Share Index has closed at 1,930.86 points, marking a decrease of 1.92 points below the previous closing.
This decrease was due to the drop in the financial sector and the real es
BNA
22/08/2025
Stock markets mostly fell during cautious trading sessions on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States. US Federal Reserve
AFP
22/08/2025
The Qatar Stock Exchange (QSE) experienced profit-taking last week and early this week, following eight consecutive weeks of growth, according to Ramzi Qasmieh, Investment Manager at Qatar Securities
The Peninsula
22/08/2025
The Securities and Commodities Authority (SCA) has issued a fresh warning to investors against dealing with an individual and a Dubai-based company found to be operating without approval.
In
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia