Closing Bell: Saudi main index slips to close at 10,925

28/05/2025 01:51 AST

Saudi Arabia's Tadawul All Share Index slipped on Tuesday, as it shed 150.78 points, or 1.36 percent, to close at 10,925.18.

The total trading turnover of the benchmark index was SR5.11 billion ($1.36 billion), with 21 stocks advancing and 227 declining.

The Kingdom's parallel market, Nomu, also shed 188.50 points to close at 26,592.04.

The MSCI Tadawul Index dropped by 1.27 percent to 1,398.58.

United Cooperative Assurance Co. was the top performer on the benchmark index, with its share price rising 3.16 percent to SR7.50.

Bonyan REIT Fund also advanced, gaining 1.63 percent to SR9.35.

Jahez International Co. for Information System Technology saw its shares climb 1.33 percent to SR25.15.

Conversely, Almoosa Health Co. saw its share price edge down by 6.90 percent to SR143.

United Carton Industries Co., which debuted on the main market on Tuesday, also declined, with its share price falling 1.50 percent to SR49.25.

On the announcements front, Gas Arabian Services Co. disclosed that it had signed two contracts worth SR830.64 million with Saudi Power Procurement Co.

According to a statement on Tadawul, the first contract, valued at SR504.32 million, covers the construction of gas pipeline networks to supply the Nairyah Independent Power Project.

The second contract, worth SR326.32 million, involves building gas pipeline infrastructure for the Rumah IPP.

Gas Arabian Services said the financial impact of these agreements will be reflected in its financial statements from 2025 through 2027.

Following the announcement, the company's share price slipped 0.51 percent to SR15.70.

Arab News