Closing Bell: Saudi main index closes in green at 11,168

Closing Bell: Saudi main index closes in green at 11,168
The best-performing stock was Rabigh Refining and Petrochemical Co. Shutterstock
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Closing Bell: Saudi main index closes in green at 11,168

Closing Bell: Saudi main index closes in green at 11,168

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 46.95 points, or 0.42 percent, to close at 11,168.51.

The total trading turnover of the benchmark index was SR6.07 billion ($1.61 billion), as 182 of the listed stocks advanced, while 74 retreated.

The MSCI Tadawul Index also increased, up 3.28 points or 0.22 percent to close at 1,493.67.

The Kingdom’s parallel market Nomu gained 154.06 points, or 0.68 percent, to close at 22,949.23. This came as 35 of the listed stocks advanced, while 34 retreated.

The best-performing stock was Rabigh Refining and Petrochemical Co., with its share price surging by 9.96 percent to SR13.91.

Other top performers included Saudi Kayan Petrochemical Co., which saw its share price rise by 9.96 percent to SR5.85, and Yanbu National Petrochemical Co., which saw a 7.65 percent increase to SR38.

On the downside, the worst performer of the day was Abdullah Saad Mohammed Abo Moati for Bookstores Co., whose share price fell by 4.07 percent to SR42.92.

Saudi Paper Manufacturing Co. also saw declines, with its shares dropping by 3.47 percent to SR58.35.

On the announcement front, Saudi Tadawul Group, the operator of the Saudi capital market, announced a net profit after Zakat of SR55.6 million for the first quarter of 2026, a sharp decline of 53.9 percent compared to SR120.5 million in the same period last year.

According to a statement, the decrease was driven by a 10.2 percent fall in operating revenues to SR294.6 million, coupled with a 15.8 percent rise in operating expenditures to SR255.4 million, as the group continued strategic investments in future growth initiatives, including higher depreciation and amortization.

Earnings per share dropped to SR0.46 from SR1 in the first quarter of 2025.

Despite the weaker financial results, the group highlighted key strategic milestones, including opening the main market to all foreign investor categories as of Feb. 1, and advancing post-trade and digital capabilities to strengthen market infrastructure and long-term attractiveness.

Tadawul Group’s share price dropped by 3.68 percent to reach SR136.