Written by 04:03 News, Saudi Arabia

Market Recap: Why the Saudi Main Index Ended the Day in the Red

Market Recap: Why the Saudi Main Index Ended the Day in the Red

RIYADH: On Wednesday, Saudi Arabia’s Tadawul All Share Index fell by 58.51 points, or 0.54 percent, to settle at 10,847.93. The benchmark index had a total trading volume of SR3.78 billion ($1 billion). 73 of the stocks on the list went up, while 187 went down. The MSCI Tadawul Index fell 7.09 points, or 0.48 percent, to settle at 1,472.98.

The Kingdom’s parallel market Nomu fell 178.75 points, or 0.77 percent, to end at 22,916.83. This is because 30 of the stocks that were mentioned went up, while 37 went down. The best-performing stock was Power and Water Utility Co. for Jubail and Yanbu, whose share price rose 8.47 percent to SR31.24.

Other companies that did well were Saudi Paper Manufacturing Co., whose stock price went up 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., whose stock price went up 4.58 percent to SR137.

The worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price decreased by 5.14 percent to SR17.53. Arabian Internet and Communications Services Co. and Saudi Kayan Petrochemical Co. also lost ground, with their shares falling to SR4.88 and SR181.40, a reduction of 4.87 percent and 4.43 percent, respectively.

Saudi Kayan Petrochemical Co. presented its annual financial results for 2025, saying that revenues fell 3.06 percent from the previous year to SR8.45 billion. The company also reported a net loss of SR893.86 million.

Also Read:

Breaking Barriers: Celebrating Leaders, Innovators, and Decision-Makers in GCC 

Palestinians in Israeli Prisons Face Abuse and Cover-ups, Reports Reveal Alarming Reality 

Visited 1 times, 1 visit(s) today
Close