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11/04/2025 08:01 AST
Saudi Arabia's Tadawul All Share Index rose on Thursday, gaining 405.89 points, or 3.66 percent, to close at 11,502.54.
The total trading turnover of the benchmark index was SR8.32 billion ($2.21billion), as 244 of the listed stocks advanced, while only 7 retreated.
This aligns with the rebound in global stock markets following US President Donald Trump's announcement of a 90-day pause on the reciprocal tariffs introduced earlier this month. The pause applies to all US trade partners except China, which now faces a tariff rate of 125 percent - up from 104 percent.
The MSCI Tadawul Index increased by 53.37 points, or 3.79 percent, to close at 1,462.83.
The Kingdom's parallel market Nomu also rose, gaining 554.66 points, or 1.96 percent, to close at 28,924.55. This came as 68 of the listed stocks advanced, while 22 retreated.
The best-performing stock was Saudi Paper Manufacturing Co., with its share price surging by 10 percent to SR66.
Other top performers included Saudi Chemical Co., which saw its share price rise by 9.99 percent to SR8.26, and Ataa Educational Co., which saw a 9.95 percent increase to SR69.60.
The National Co. for Learning and Education saw the largest decline of the day, with its share price easing 0.86 percent to SR160.60.
SEDCO Capital REIT Fund fell 0.55 percent to SR7.29, while Al-Jouf Agricultural Development Co. slipped 0.22 percent to SR46.25.
On the announcements front, the Ordinary General Assembly of SABIC approved the business and contracts between SABIC Industrial Investments Co., an affiliate of the company, and Ma'aden.
The deal involved SABIC Industrial Investments Co. selling its 20.62 percent stake in ALBA Co., totaling 292.8 million common shares, to Ma'aden for 363.08 million Bahraini dinar ($963.2 million), with no preferential terms.
Additionally, the Assembly authorized the board to distribute interim dividends quarterly or semi-annual for the fiscal year 2025.
SABIC's shares traded 0.83 percent higher today on the main market to reach SR60.60. Similarly, Ma'aden's shares traded 4.63 percent higher on the main market, reaching SR42.90
Arab News
| Ticker | Price | Volume |
|---|
NOMU 29,117.62
-23.39 (-0.08
| Ticker | Price | Change |
|---|---|---|
| FADECO | 77.20 | -3.70 (-4.58 |
| MARBLEDESIGN | 78.90 | 0.00 (0.00 |
| LIMEINDUSTRIES | 13.70 | 0.00 (0.00 |
| ARMAH | 89.00 | 1.00 (1.13 |
| APICO | 51.20 | 1.10 (2.19 |
14/04/2025
Boursa Kuwait published its fourth Corporate Sustainability Report, which shed light on the company's initiatives from January 1 to December 31, 2024. The report outlined the company's sustainability
Kuwait Times
11/04/2025
Bahrain All Share Index has closed at 1,901.77 points, marking an increase of 5.47 points above the previous closing.
This increase was due to the rise in the communication services sector,
BNA
11/04/2025
The Qatar Stock Exchange (QSE) index ended this week's trading session down 1.35 percent compared to the last weekly trading session, losing 137.86 points to reach 10,095.09 points, pressured by four
QNA
10/04/2025
The Saudi Stock Exchange (Tadawul) index opened trading on Thursday with a four percent increase, rising more than 400 points above the 11,500-point level, with trading valued at nearly SR1 billion.
Saudi Gazette
10/04/2025
The Abu Dhabi Securities Exchange witnessed a 151 per cent surge in net foreign investment in the first quarter as it rolled out a new corporate structure, technology upgrades and a broader range of
Bloomberg
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