Closing Bell: Tadawul Opens Week in Green at 11,077

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 50.37 points, or 0.46 percent, to close at 11,077.91. 

The total trading turnover of the benchmark index was SR3.98 billion ($1.06 billion), with 189 stocks advancing and 67 declining. 

The Kingdom’s parallel market, Nomu, also gained 26.01 points, or 0.11 percent, to close at 22,931.51. 

The MSCI Tadawul Index advanced 0.29 percent to 1,479.83. 

The best-performing stock on the main index was Saudi Industrial Development Co., whose share price increased by 9.98 percent to SR13.89. 

The share price of Kingdom Holding Co. rose by 9.96 percent to SR13.58. 

Al Masar Al Shamil Education Co. also saw its stock price climb by 7.61 percent to SR22.20. 

Conversely, the share price of AFG International Co. declined by 5.83 percent to SR12.59. 

On the announcements front, Arabian Pipes Co. said that it signed contracts valued at SR62 million with Saudi Aramco to manufacture and supply steel pipes for 10 months. 

In a Tadawul statement, the company added that the financial impact of these contracts is expected to be reflected in the fourth quarter of this year and the first three months of 2027. 

The share price of Arabian Pipes Co. rose by 2.32 percent to SR7.06. 

Saudi Ground Services Co. said that it received an award letter from Saudi Airlines for Air Transport Co., also known as Saudia, to provide ground handling, ramp handling, and passenger services for its domestic and international flights at all airports across the Kingdom. 

According to a Tadawul statement, the five-year contract is valued at SR6.3 billion, with the financial impact of the deal expected to commence from the second quarter of this year. 

The share price of SGS increased by 2.81 percent to SR32.20.