Closing Bell: Saudi main index ends lower at 10,899

11/08/2025 04:08 AST

Saudi Arabia's Tadawul All Share Index declined on Sunday, losing 31.19 points, or 0.29 percent, to close at 10,899.11.

The total trading turnover of the benchmark index stood at SR3.51billion ($935.8 million), with 77 listed stocks advancing and 169 declining.

The Kingdom's parallel market Nomu also dropped 199.33 points to close at 26,449.38

The MSCI Tadawul Index slightly edged up by 0.03 percent to reach 1,407.12.

The top performer on the main market was Red Sea International Co., whose share price rose 10 percent to SR42.24.

The share price of Tamkeen Human Resource Co. increased 7.94 percent to SR57.1.

Saudi Reinsurance Co. saw its stock price increase by 5.91 percent to SR47.66.

Jahez International Co. for Information System Technology witnessed a drop in its share price by 10 percent to SR25.02.

The company's share price decreased following the announcement that its net profit for the second quarter fell 21.9 percent year on year to SR23.6 million, down from SR30.2 million in the same quarter last year.

In corporate announcements, Zamil Industrial Investment Co. posted a net profit of SR25.28 million in the second quarter, a 314.5 percent increase from SR6.1 million in the same quarter in 2024.

The company attributed the rise in quarterly profit to higher sales across its air conditioning, steel, and insulation sectors, which drove a 25.7 percent increase in gross profit.

This was further supported by a SR1.5 million rise in share of results from associates and joint ventures, lower financial charges by SR4.7 million, and a SR6.9 million reduction in zakat and income tax expenses.

The company's share price closed 0.51 percent higher at SR39.80.

United International Transportation Co., known as Budget Saudi, reported a net profit of SR85.63 million in the second quarter, up 20.8 percent from SR70.87 million last year.

The company attributed the quarterly increase in profit to higher revenues driven by growth in its rental and lease fleet, improved operational efficiency, and stronger cost control measures, which boosted gross and operating margins.

The company's share price ended 2.04 percent lower at SR72.20.