Arab News
Arab
News, Mon, Nov 03, 2025 | Jumada al-Awwal 12, 1447
Closing Bell: Saudi main index slips to close at 11,536
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index fell on
Sunday, losing 119.56 points, or 1.03 percent, to close at 11,536.29.
The benchmark index recorded a total trading
turnover of SR4.44 billion ($1.18 billion), with 66 stocks advancing and 191
declining.
The Kingdom’s parallel market Nomu also slipped
73.34 points, or 0.29 percent, to close at 24,943.63, as 26 stocks gained while
43 retreated.
Meanwhile, the MSCI Tadawul Index dropped 18.74
points, or 1.24 percent, to finish at 1,489.32.
Advanced Building Industries Co. was the day’s top
performer, with its share price jumping 9.99 percent to SR39.18. Other notable
gainers included Allied Cooperative Insurance Group, which rose 6 percent to
SR11.83, and United Carton Industries Co., which advanced 5.14 percent to
SR31.52.
On the other hand, Naseej International Trading
Co. posted the steepest loss, dropping 7.56 percent to SR54.40. Americana
Restaurants International PLC declined 6.76 percent to SR2.07, while Saudi Co.
for Hardware fell 6.02 percent to SR31.20.
In corporate announcements, Nayifat Finance
Co. reported a net profit of SR59.4 million for the first nine months of 2025,
down 37 percent year on year, according to a Tadawul filing. The company
attributed the decline to lower operating revenues and higher credit impairment
charges aimed at improving its coverage ratio.
Nayifat’s shares closed 1.13 percent lower
at SR13.19.
Arabian Drilling Co. said its net profit for the
first nine months of 2025 dropped 70.8 percent to SR73.3 million, mainly
due to a shift in its activity mix, with reduced offshore contributions partly
offset by improvements in the land segment.
The company’s shares rose 2.99 percent to
SR88.55.
Meanwhile, National Medical Care Co. posted a net
profit of SR247.5 million for the first nine months of the year, up 17.3 percent
from a year earlier. The increase was attributed to higher revenue and
cost-optimization measures that improved margins at the gross, operating, and
EBITDA levels.
The stock ended 0.45 percent higher at SR177.80.