Closing Bell: TASI closes at 10,791 with active trading of $1.24bn

12/08/2025 04:40 AST

Saudi Arabia's Tadawul All Share Index fell 107.47 points on Monday, or 0.99 percent, to close at 10,791.64.

Total trading turnover reached SR4.66 billion ($1.24 billion), with 31 stocks advancing and 223 declining.

The Kingdom's parallel market, Nomu, also declined, shedding 213.58 points, or 0.81 percent, to close at 26,235.8, as 23 stocks advanced while 64 retreated.

The MSCI Tadawul 30 Index slipped 12.37 points, or 0.88 percent, to end at 1,394.75.

The best-performing stock of the day was flynas Co., which rose 3.48 percent to SR75.90.

Despite the Monday's gain, flynas Co. posted a net loss of SR714.65 million for the first half of 2025, compared with a net profit of SR388.01 million in the same period a year earlier.

The company reported an increase in revenue by 1.27 percent year-on-year to SR3.97 billion, while gross profit rose 6.43 percent to SR865.99 million. The airline attributed the loss to non-recurring initial public offering-related expenses totaling SR1.08 billion.

Other top gainers included Ataa Educational Co., up 3.36 percent to SR66.05, and Al Sagr Cooperative Insurance Co., which increased 3.14 percent to SR14.12. Electrical Industries Co. and Raoom Trading Co. also advanced, gaining 2.82 percent and 2.56 percent, respectively.

On the losing side, Almunajem Foods Co. dropped 10 percent to SR58.95, followed by Saudi Advanced Industries Co., down 9.52 percent to SR23.00, and Jadwa REIT Al Haramain Fund, which fell 8.09 percent to SR5.34.

Al-Dawaa Medical Services Co. and BAAN Holding Group Co. also closed lower, retreating 6.29 percent and 5.96 percent, respectively.

On the announcements front, MBC Group Co. reported a 41.07 percent year-on-year increase in net profit to SR335.43 million for the first half of 2025, compared to SR237.77 million in the same period last year.

Revenue for the period rose 37.83 percent to SR3.03 billion, while gross profit climbed 20.06 percent to SR843.10 million. The company's shares closed down 4.05 percent at SR30.32.

Gulf General Cooperative Insurance Co. widened its net loss after zakat to SR52.86 million for the first half of 2025, compared with a loss of SR13.41 million in the prior-year period.

Insurance revenues fell 10.08 percent year on year to SR173.45 million, while total comprehensive loss deepened to SR50.35 million from SR13.41 million. The stock ended the session 1.39 percent lower at SR4.98.

Al Moammar Information Systems Co. announced the renewal and amendment of a bank facility compliant with Islamic Shariah from Saudi Awwal Bank, valued at SR269.96 million.

The agreement, signed on Aug. 9, 2023, is secured by promissory notes and will be used to finance new projects and issue letters of credit and guarantees. MIS shares closed down 0.77 percent at SR128.80.