Closing Bell: Saudi main index slips to close at 11,052

17/11/2025 04:11 AST

Saudi Arabia's Tadawul All Share Index slipped on Sunday, falling 125.05 points, or 1.12 percent, to close at 11,052.61.

The total trading turnover of the benchmark index reached SR2.60 billion ($695 million), with 27 stocks advancing and 228 retreating.

Similarly, the Kingdom's parallel market Nomu dropped 292.36 points, or 1.21 percent, to close at 23,950.02, as 22 stocks advanced while 52 declined.

The MSCI Tadawul Index fell 13.72 points, or 0.95 percent, to close at 1,437.75.

The best-performing stock of the day was Allied Cooperative Insurance Group, whose share price surged 8.09 percent to SR9.75.

Other top performers included Batic Investments and Logistics Co., which rose 2.31 percent to SR2.21, and Saudi Azm for Communication and Information Technology Co., which gained 1.68 percent to reach SR24.14.

Saudi Automotive Services Co. recorded the steepest decline, falling 5.62 percent to SR63.

Al Majed Oud Co. also saw its share price fall 5.29 percent to SR136, while Saudi Darb Investment Co. dropped 5.00 percent to SR2.47.

On the announcement front, Rabigh Refining and Petrochemical Co., known as Petro Rabigh, said it has reduced its accumulated losses to 39.94 percent of share capital. According to a Tadawul statement, measures taken to lower accumulated losses included increasing the company's share capital by SR5.26 billion through the issuance of 526.36 million ordinary Class B shares to founding shareholders Saudi Aramco and Sumitomo Chemical Co. in equal proportion.

Petro Rabigh closed the session at SR8.95, down 4.02 percent.

Almoosa Health Co. announced it had signed a Shariah-compliant credit facility agreement worth SR1.34 billion with Saudi Awwal Bank. A bourse filing said the 10-year facility will finance the Almoosa Specialist Hospital project in Alkhobar.

Almoosa Health Co. ended the session at SR177.80, down 0.95 percent.

Middle East Specialized Cables Co. reported that its board approved distributing SR20 million in cash dividends for the second half of the 2025 fiscal year. According to a Tadawul filing, 40 million shares are eligible for dividends, with a payout of SR0.50 per share and a dividend yield equivalent to 5 percent of par value.

Middle East Specialized Cables Co. closed at SR24.45, down 0.25 percent.

Arab News