Arab Press

بالشعب و للشعب
Friday, Aug 22, 2025

Saudi Arabia’s benchmark index inches up 0.16% to close at 10,839.49

Saudi Arabia’s benchmark index inches up 0.16% to close at 10,839.49

Saudi Arabia’s Tadawul All Share Index on Sunday inched up 17.84 points — or 0.16 percent — to close at 10,839.49.
While MSCI Tadawul 30 Index ended flat at 1,499.46, the parallel market Nomu fell 73.53 points to 19,252.34.

TASI’s total trading turnover of the benchmark index on Sunday was SR3.24 billion ($860 million), with 104 stocks of the listed 223 advancing and 101 retreating.

Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, was the topmost gainer of the day, rising 9.98 percent to SR17.64. Cenomi Retail on Sunday informed the exchange of its plans to divest 26 non-strategic brands to rationalize its brand portfolio.

In the first phase of its transformation program, the franchise retailer has decided to divest three brands under Azal restaurant and Shawarma Almuhalhl for SR25 million.

The company said it wants to focus on “champion brands” occupying the No. 1 or No. 2 positions in their sectors.

The other top gainers were Abdulmohsen Alhokair Group for Tourism and Development, Halwani Bros. Co., Knowledge Economic City and Al Sagr Cooperative Insurance Co.

The worst performer on Sunday was Development Works Food Co., which fell 3.27 percent to SR165.80. The other stocks that performed poorly included ACWA Power Co., Saudi Industrial Investment Group, Tihama Advertising and Public Relations Co. and Maharah Human Resources Co.

Among sectoral indices, nine of the 21 listed on the stock exchange declined while the rest advanced.

The Utilities Index was the worst-performing sector as it fell 2 percent to 7,152.92, weighed down by ACWA Power which stumbled 3.08 percent to SR150.80.

While Alkhorayef Water and Power Technologies Co. dropped 2.04 percent to SR144.20, National Gas and Industrialization Co. slipped 0.39 percent to SR51.60.

The Insurance Index was the best-performing index thanks to Al Sagr Cooperative Insurance Co., which jumped 5.35 percent to SR16.14. On the other hand, Arabia Insurance Cooperative Co. moved up 3.95 percent to SR11.06. The other gainers were Alinma Tokio Marine Co., Aljazira Takaful Taawuni Co. and Salama Cooperative Insurance Co.

On the announcements front, Saudi Arabian Amiantit Co. on Sunday reported net losses after zakat and tax to SR8.8mn in 2022 from SR171.3mn in the previous year.

Net losses fell due to the continued sales growth as revenues increased 16 percent from SR438.91 in 2021 to SR508.82 in 2022. Its share price rose 4.51 percent to SR44.

Arabia Insurance Cooperative Co. on Jan. 27 informed the exchange that the Saudi Central Bank issued a final approval on its insurance product for corporate business. In a filing to Tadawul, the insurer said the approved product is a professional indemnity insurance policy for auditors of the entities supervised by the Capital Market Authority. AICC’s share price increased by 3.95 percent to SR11.06.

The Saudi Exchange also announced that Alqemam for Computer System Co. would be listed and start trading on Nomu-Parallel Market on Tuesday, Jan. 31, as a direct listing with the symbol 9558. In addition, the company set its price guidance at SR80 per share.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
×