Closing Bell: Saudi Main Index Slips To Close at 10,716

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 3.46 points, or 0.03 percent, to close at 10,716.82. 

The total trading turnover of the benchmark index was SR2.38 billion ($633 million), with 65 stocks advancing and 190 retreating. 

Similarly, the Kingdom’s parallel market Nomu lost 82.98 points, or 0.37 percent, to close at 22,156.33, with 25 stocks advancing and 38 retreating. 

The MSCI Tadawul Index rose 2.05 points, or 0.14 percent, to close at 1,429.60. 

Top gainers, losers 

The best-performing stock of the day was Knowledge Economic City, whose share price surged 9.99 percent to SR13.21. 

Other top performers included Saudi Enaya Cooperative Insurance Co., whose share price rose 6.90 percent to SR9.30, and Almasane Alkobra Mining Co., whose share price gained 4.93 percent to SR71.35. 

Rasan Information Technology Co. recorded the steepest decline, with its share price falling 3.60 percent to SR134. 

Saudi Manpower Solutions Co. also saw its share price fall 3.41 percent to SR6.23. 

Thimar Development Holding Co. also saw its share price decline 3.28 percent to SR34.20. 

Corporate announcements 

First Avenue for Real Estate Development Co. has signed an SR100 million Shariah-compliant banking facilities agreement with Saudi Awwal Bank to support its expansion plans and the execution of its real estate projects. 

According to a Tadawul statement, the four-year agreement will support the company’s expansion strategy across its real estate projects while strengthening its capital structure. The guarantees offered for the financing include promissory notes equal to the amount of the banking facilities, together with a mortgage over the land or project being financed, as well as an assignment of the proceeds of the financed project. 

First Avenue for Real Estate Development Co. ended the session at SR3.35, down 4.37 percent. 

Etihad Etisalat Co., known as Mobily, announced its consolidated interim financial results for the period ended June 30. 

A bourse filing revealed that the company recorded a net profit of SR1.78 billion in the first six months of the year, up 11.5 percent from the same period in 2025. The increase was mainly attributed to higher gross profit, earnings before interest, tax, depreciation and amortization, operating profit, net other income, despite higher zakat and income tax expenses. 

Mobily ended the session at SR62.20, up 0.73 percent.