Closing Bell: Saudi main market ends the week at 10,990 points

Marketing Home Group for Trading Co. led the gainers, advancing 9.98 percent to SR45.18. Shutterstock
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RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index ended the week lower, shedding 11.59 points, or 0.11 percent, to close at 10,990.45.  

The parallel market Nomu outperformed the main index, rising 71.33 points, or 0.31 percent, to 23,078, while the MSCI Tadawul 30 Index declined 2.81 points, or 0.19 percent, to 1,463.67.

Trading activity remained subdued, with the main market total turnover reaching SR4.91 billion ($1.3 billion) on a volume of 236.9 million shares.

Marketing Home Group for Trading Co. led the gainers, advancing 9.98 percent to SR45.18, followed by Gas Arabian Services Co. at SR16, up 9.97 percent, and AFG International Co., which gained 9.94 percent to SR14.05.  

Sustained Infrastructure Holding Co. rose 6.37 percent to SR37.76, while Al-Babtain Power and Telecommunication Co. added 5.44 percent to SR72.65.

On the downside, Kingdom Holding Co. was the biggest loser, falling 5.01 percent to SR14.60.

Rabigh Refining and Petrochemical Co. declined 4.81 percent to SR15.03, while Middle East Paper Co. dropped 3.97 percent to SR18.39. 

Yanbu National Petrochemical Co. fell 2.21 percent to SR31.80, and Saudi Real Estate Co. slipped 2.08 percent to SR16.02.

On the announcement front, the Saudi Exchange announced that the fluctuation limits for Naba Alsaha Medical Services Co. would be based on a share price of SR24.50 after shareholders approved a capital increase through bonus shares at the company’s extraordinary general meeting.  

Outstanding orders were canceled, while the Securities Depository Center is scheduled to deposit the additional shares into eligible investors’ portfolios by June 8.

Edaa announced the implementation of a securities quantity decrease for Seera Group Holding, reflecting the completion of a corporate action affecting eligible shareholders’ accounts.

Marketing Home Group for Trading approved the distribution of SR36 million in cash dividends for the first quarter of fiscal year 2026.  

Shareholders will receive SR2.25 per share, representing 22.5 percent of the share’s par value.  

Eligibility will be for shareholders registered as of June 8, with dividend payments set to begin on June 16 through direct transfers to linked bank accounts.