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10/07/2025 06:45 AST
Saudi Arabia's Tadawul All Share Index dropped marginally on Wednesday, shedding 16.34 points or 0.14 percent to close at 11,277.73.
The total trading turnover of the benchmark index was SR5.48 billion ($1.46 billion), with 140 of the listed stocks advancing and 109 declining.
The Kingdom's parallel market Nomu, gained 104.43 points to close at 27,448.22.
The MSCI Tadawul Index edged down by 0.27 percent to 1,445.25.
The best-performing stock on the main market was Umm Al Qura for Development and Construction Co. The firm's share price increased by 8.62 percent to SR26.70.
The share price of Saudi Real Estate Co. also rose by 7.68 percent to SR20.89.
Retal Urban Development Co. also saw its share price advance by 6.62 percent to SR16.10.
On the announcements front, Alinma Bank said that it completed the issuance of US dollar-denominated sukuk worth $500 million, under its Trust Certificate Issuance Program.
According to a press statement, the sukuk issue is expected to settle on July 15.
The share price of Alinma Bank declined by 1.19 percent to SR26.68.
Jahez International Co. for Information System Technology announced that it has signed an agreement to acquire a 76.56 percent stake in Snoonu Corporation Holding LLC, a Qatari-based technology and logistics firm that operates an e-commerce and on-demand delivery platform.
In a press statement, the company revealed that it will acquire 8.14 million shares, representing 75 percent of Snoonu's share capital, from existing shareholders for $225 million.
Jahez will also subscribe to 723,960 newly issued shares in Snoonu, representing 1.56 percent of the stake, for $20 million.
The share price of Jahez edged up by 1.11 percent to SR27.44.
Arab News
| Ticker | Price | Volume |
|---|
12/07/2025
The Qatar Stock Exchange (QSE) reported gains for the third consecutive month during June this year registering a quarterly gain of 5% during Q2 2025. The QE 20 index closed the month at 10,749.5 reg
The Peninsula
12/07/2025
Global stocks fell on Friday after US President Donald Trump ramped up his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into safe havens like
Reuters
11/07/2025
UAE retail investors are showing strong conviction in the long-term potential of electric vehicles and emerging tech, with new data from trading and investing platform eToro revealing significant Q2
Khaleej Times
10/07/2025
The Qatar Stock Exchange closed flat Wednesday despite buying interests in four of the seven sectors.
The domestic funds were increasingly net sellers as the 20-stock Qatar Index was down me
Gulf Times
10/07/2025
Most stock markets in the Gulf reversed early losses to close higher on Wednesday as investors appeared unfazed by the latest tariff threats from US President Donald Trump.
Trump ramped up
Reuters
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