RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday as it gained 82.05 points, or 0.75 percent, to close at 11,031.32.
The total trading turnover of the benchmark index stood at SR6.68 billion ($1.78 billion), with 131 of the listed stocks advancing and 121 declining.
The Kingdom’s parallel market Nomu, however, shed 176.49 points to close at 22,635.35.
The MSCI Tadawul Index edged up by 0.99 percent to 1,476.04.
The best-performing stock on the main market was Al Jouf Cement Co., as its share price increased by 9.96 percent to SR5.52.
The share price of Saudi utility giant Acwa also rose by 9.96 percent to SR182.10.
Elm Co. also saw its stock price climb by 9.95 percent to SR657.50.
Conversely, the share price of Saudi Public Transport Co. declined by 10 percent to SR10.71.
On the announcements front, Saudi Steel Pipe Co. said that its net profit for the first quarter stood at SR52 million, representing a 4 percent rise compared to the same period in 2025.
In a Tadawul statement, the company attributed the rise in profit to lower selling, marketing and distribution expenses, as well as a decline in financing costs.
The share price of Saudi Steel Pipe Co. declined by 3.44 percent to SR56.15.
Mobile Telecommunication Co. Saudi Arabia, also known as Zain KSA, announced that its net profit climbed 116.12 percent year on year to reach SR201 million in the first quarter of this year.
The company said that the rise in net profit was driven by lower device cost and revenue mix improvement, as well as a reduction in finance costs.
In the first quarter, the company’s overall revenue SR2.65 billion, marking a marginal decline of 1.26 percent compared to the year ago period.
The share price of Zain KSA dropped by 4.9 percent to SR11.07.
