Arab News
Arab news,
Tue, Oct 07, 2025 | Rabi al-Thani 15, 1447
Closing Bell: Saudi main market rises to 11,605
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index rose on
Monday, gaining 76.61 points, or 0.66 percent, to close at 11,605.20.
The total trading turnover for the main index
stood at SR6.22 billion ($1.66 billion), with 307.7 million shares traded. A
total of 149 stocks advanced, while 97 declined.
The Kingdom’s parallel market Nomu also edged
higher, climbing 64.55 points, or 0.25 percent, to 25,540.27, with 41 gainers
and 52 losers.
Meanwhile, the MT30 index, which tracks the
performance of the top 30 companies by market capitalization, advanced 12.8
points, or 0.85 percent, to 1,514.75.
The Power and Water Utility Co. for Jubail and
Yanbu was the top performer of the day, with its share price rising 9.97 percent
to SR43.24.
Other notable gainers included Saudi Reinsurance
Co., which increased 6.83 percent to SR51, and Saudi Arabian Mining Co., which
gained 4.62 percent to SR67.90.
Saudi Automotive Services Co. also advanced 4.45
percent to SR59.90, while Saudi Aramco Base Oil Co. climbed 4.36 percent to
SR93.40.
Sport Clubs Co. recorded the steepest fall,
dropping 3.04 percent to SR10.85, while National Shipping Co. of Saudi Arabia
eased 2.75 percent to SR29.04. Etihad Etisalat Co. declined 2.43 percent,
closing at SR66.35.
Arab National Bank slipped 2.40 percent to
SR25.20, and Thimar Development Holding Co. decreased 2.10 percent to SR43.80.
On the announcement front, Derayah Financial Co.
said its board of directors approved the distribution of cash dividends totaling
SR8.9 million for the third quarter of fiscal year 2025.
The company stated that shareholders registered at
the close of trading on Oct. 13 will be eligible, with distribution scheduled
for Oct. 23.
Derayah’s shares closed 1.59 percent higher
at SR30.68.
Jahez International Co. for Information
System Technology announced the completion of the first phase of its acquisition
of a 75 percent stake in Snoonu Corporation Holding LLC through the purchase of
more than 7.9 million shares.
Following the transaction, Jahez’s total ownership
in Snoonu reached 76.56 percent, while the founder, Hamad Mubarak Al-Hajj,
retained 23.44 percent.
The company said the deal was financed through a
mix of internal cash and treasury shares, with the financial impact to be
reflected in Jahez’s 2025 year-end statements.
Shares of Jahez closed 0.54 percent higher at
SR22.52.