JEDDAH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 11.44 points, or 0.1 percent, to close at 11,179.95.
The total trading turnover of the benchmark index was SR5.34 billion ($1.42 billion), as 84 of the stocks advanced and 178 retreated.
The Kingdom’s parallel market Nomu lost 60.27 points, or 0.26 percent, to close at 22,888.96. This came as 34 of the stocks advanced while 44 retreated.
The MSCI Tadawul Index gained 2.22 points, or 0.15 percent, to close at 1,495.89.
The best-performing stock of the day was Umm Al-Qura Cement Co., whose share price rose 10 percent to SR13.09, adding 1.19 points. It was followed by the Saudi Chemical Co., which advanced 6.14 percent to SR8.64.
United Carton Industries Co. also contributed to the gains, climbing 5.13 percent to SR25.84.
On the losers’ side, the session was dominated by a handful of sharp falls. Leejam Sports Co. led the decliners, falling 9.96 percent to close at SR80, down 8.85 points. It was followed by Electrical Industries Co., which slipped 3.77 percent to SR17.10, losing SR0.67.
Abdullah Saad Mohammed Abo Moati for Bookstores Co. also fell, down 3.68 percent to SR41.34, shedding 1.58 points.
On the announcement front, Al-Modawat Specialized Medical Co. said it has launched a Saudi riyal-denominated sukuk program worth SR30 million, including an initial tranche of SR20 million, through Sukuk Financial Co.
The sukuk are being offered with a minimum subscription of SR1,000 per unit and a face value of SR1,000, with the subscription period running from April 28 to May 12.
The company ended the session at SR4.29, up 2.14 percent.
Shareholders of Saudi Basic Industries Corp., which ended the session at SR60.85, down 0.57 percent, approved routine resolutions at their general assembly held on April 27, including financial statements for 2025, discharge of board members, and authorization to distribute interim dividends for 2026.
The meeting also approved the appointment of Ibrahim Qasim Al-Buainain as a non-executive director and updated the company’s corporate social responsibility policy.
Jamjoom Pharmaceuticals Factory Co., which ended the session at SR156, up 0.32 percent, reported a net profit of SR168 million for the first quarter ended March 31, up 7.11 percent year on year, driven by improved operating leverage, cost discipline, and a favorable product mix. Net profit margin rose to 34.9 percent.
Leejam Sports Co. approved cash dividends for the first quarter of 2026 totaling SR29.3 million, or SR0.58 per share, representing 5.8 percent of the share par value. The company said the distribution date will be announced later.
National Environmental Recycling Co. posted a net profit of SR20.5 million for the three months ended March 31, up 12.1 percent year on year, supported by strong export growth and new contracts.
The company ended the session at SR3.51, down 1.13 percent.
