Closing Bell: Saudi Main Index Steady at 11,051

RIYADH: Saudi Arabia’s Tadawul All Share Index held steady on Monday, as it shed just 1.48 points or 0.01 percent to close at 11,051.13. 

The total trading turnover of the benchmark index stood at SR3.96 billion ($1.06 billion), with 98 of the listed stocks advancing and 152 declining. 

The Kingdom’s parallel market Nomu, however, dropped 44.15 points or 0.18 percent to close at 23,905.87.

The MSCI Tadawul Index edged up by 0.16 percent to 1,440. 

The best-performing stock on the main market was Allied Cooperative Insurance Group, as its share price increased by 9.95 percent to SR10.72. 

The share price of Saudi Enaya Cooperative Insurance Co. also rose by 8.42 percent to SR8.76. 

Salama Cooperative Insurance Co. also saw its stock price climb by 4.87 percent to SR11.20. 

Conversely, the share price of Jahez International Co. for Information System Technology dropped by 4.97 percent to SR16.44. 

On the announcements front, Derayah Financial Co. said that it signed a Shariah-compliant credit facility agreement worth SR500 million with Saudi National Bank to fund its core operating activities, including expanding its brokerage services and enhancing its product suite by directly offering margin financing products.

In a Tadawul statement, Derayah Financial said that the financing term runs from Nov. 16, 2025, to Nov. 30, 2026, with an option to extend.

The company added that the agreement involves no related parties. 

The share price of Derayah Financial edged down by 0.50 percent to SR28.

National Medical Care Co., also known as Care, said that it signed a Shariah-compliant Murabaha financing agreement worth SR228.5 million with Saudi Awwal Bank. 

In a Tadawul statement, the company said that the five year-financing facility obtained to repay existing Murabaha facilities with GIB Bank and Riyad Bank amounting to SR182.5 million. 

The share price of Care dropped by 1.93 percent to SR152.80.