Closing Bell: Saudi Main Market Ends Higher at 11,121

RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index rose by 11.97 points, or 0.11 percent, to close at 11,121.56. 

The MT30 index gained 1.38 points, or 0.09 percent, to close at 1,490.39, while the parallel market Nomu declined by 56.32 points, or 0.25 percent, to 22,795.17. 

Trading turnover on the main market reached 216.6 million shares, with a total value of SR3.59 billion ($957.2 million). A total of 122 stocks advanced, while 135 declined.  

Rabigh Refining and Petrochemical Co. led gainers, rising 10 percent to SR12.65. Yanbu National Petrochemical Co. advanced 6.97 percent to SR35.30, while Alujain Corp. gained 5.67 percent to SR28.70.   

Methanol Chemicals Co. rose 4.82 percent to SR8.70, and Naseej International Trading Co. increased 4.20 percent to SR26.80.  

On the losing side, BAAN Holding Group Co. declined 7.62 percent to SR1.94. Saudi Darb Investment Co. fell 4.39 percent to SR2.18, while National Agricultural Development Co. dropped 4.27 percent to SR16.15.   

Saudi Awwal Bank lost 3.89 percent to SR34.10, and National Medical Care Co. decreased 3.78 percent to SR117.  

On the announcement front, the Saudi Exchange announced the delisting of a government debt instrument upon maturity, following a request from the Ministry of Finance.  

The exchange stated that issuance number 1003-10, with a total value of SR3.24 billion, will be removed from Tadawul by the end of the trading day.  

In a separate announcement, Rabigh Refining and Petrochemical Co. said it has reduced its accumulated losses to 14.77 percent of its share capital as of March 31, 2026.  

The company stated that accumulated losses stand at SR2.47 billion, adding that the reduction follows a capital decrease approved by shareholders, lowering share capital from SR21.97 billion to SR16.71 billion.   

The move included reducing the nominal value of shares from SR10 to SR6.85, with SR5.26 billion written off to offset accumulated losses.