Closing Bell: Saudi main index slips to close at 11,756

28/04/2025 02:24 AST

Saudi Arabia's Tadawul All Share Index slipped on Sunday, losing 8.18 points, or 0.07 percent, to close at 11,756.21.

The total trading turnover of the benchmark index was SR4.27 billion ($1.13 million), as 154 of the stocks advanced and 86 retreated.

The Kingdom's parallel market, Nomu, also lost 28.57 points, or 0.10 percent, to close at 28,570.03. This comes as 41stocks advanced while 48 retreated.

The MSCI Tadawul Index lost 3.03 points, or 0.20 percent, to close at 1,497.68.

The best-performing stock of the day was Al-Baha Investment and Development Co., whose share price surged 9.94 percent to SR3.87.

Other top performers included Saudi Reinsurance Co., whose share price rose 9.83 percent to SR48.05, as well as Anaam International Holding Group, whose share price surged 9.33 percent to SR18.74.

Mobile Telecommunication Co. Saudi Arabia recorded the most significant drop, falling 4.15 percent to SR12.46.

Arabian Internet and Communications Services Co. also saw its stock prices fall 3.66 percent to SR300.

Derayah Financial Co. also saw its stock prices decline 2.91 percent to SR30.05.

On the announcements front, SABIC Agri-Nutrients Co. announced its interim condensed consolidated financial results for the period ending on March 31.

According to a Tadawul statement, the firm reported a net profit of SR985 million in the first quarter of 2025, reflecting a 17.12 percent surge compared to the same quarter in 2024.

This increase is mainly due to a 22 percent rise in sales, an increase in the share of results from an associate and a joint venture; yet, it was limited by a jump in the cost of goods sold mainly due to the increase in primarily feedstock costs.

SABIC Agri-Nutrients Co. ended the session at SR105.40, down 0.58 percent.

Bank Albilad has also announced its interim condensed consolidated financial results for the first three months of 2025.

A bourse filing revealed that the company reported a net profit of SR700.4 million in the period ending March 31, up 8.9 percent compared to the corresponding quarter a year earlier. This rise in net profit is primarily attributed to an increase in net income from investing and financing assets, net exchange income, and net fee and commission income.

Bank Albilad ended the session at SR29.40, up 0.51 percent.

Saudi Awwal Bank has also announced its interim financial results for the period ending on March 31. According to a Tadawul statement, the firm reported a net profit of SR2.13 billion in the first quarter of 2025, reflecting a 4.5 percent rise compared to the same quarter in 2024. This increase is mainly linked to a rise in total operating income. This was partially offset by an increase in net provision for expected credit losses, and total operating expenses.

Saudi Awwal Bank ended the session at SR35.90, up 0.28 percent.

Arab National Bank announces its interim financial results for the first three months of 2025. A bourse filing revealed that the company reported a net profit of SR1.3 billion in the period ending March 3, up 5.5 percent compared to the corresponding quarter a year earlier.

Arab National Bank ended the session at SR22.32, down 1.35 percent.

Saudi Tadawul Group Holding Co. announced its interim financial results for the period ending on March 31. According to a Tadawul statement, the firm reported a net profit of SR120.5 million in the first quarter of 2025, reflecting a 40.19 percent drop compared to the same quarter in 2024. This decrease is mainly linked to a decline in operating revenues, a rise in operating expenditures, and a drop in earnings per share, as well as a reduction in gross profit coupled with a drop in operational profit.

Saudi Tadawul Group Holding Co. ended the session at SR194.00, down 1.63 percent.

Saudi Telecom Co. has announced that it will distribute SR2.74 million in interim dividends to the shareholders for the first quarter of 2025.

According to a Tadawul statement, the total number of shares eligible for dividends amounted to 4.98 billion, with the dividend per share standing at SR0.55. The statement also revealed that the dividend percentage to the share par value stood at 5.5 percent.

Saudi Telecom Co. ended the session at SR48.00, up 0.21 percent.

Arab News