Closing Bell: Saudi main market rises to 11,605

07/10/2025 03:07 AST

Saudi Arabia's Tadawul All Share Index rose on Monday, gaining 76.61 points, or 0.66 percent, to close at 11,605.20.

The total trading turnover for the main index stood at SR6.22 billion ($1.66 billion), with 307.7 million shares traded. A total of 149 stocks advanced, while 97 declined.

The Kingdom's parallel market Nomu also edged higher, climbing 64.55 points, or 0.25 percent, to 25,540.27, with 41 gainers and 52 losers.

Meanwhile, the MT30 index, which tracks the performance of the top 30 companies by market capitalization, advanced 12.8 points, or 0.85 percent, to 1,514.75.

The Power and Water Utility Co. for Jubail and Yanbu was the top performer of the day, with its share price rising 9.97 percent to SR43.24.

Other notable gainers included Saudi Reinsurance Co., which increased 6.83 percent to SR51, and Saudi Arabian Mining Co., which gained 4.62 percent to SR67.90.

Saudi Automotive Services Co. also advanced 4.45 percent to SR59.90, while Saudi Aramco Base Oil Co. climbed 4.36 percent to SR93.40.

Sport Clubs Co. recorded the steepest fall, dropping 3.04 percent to SR10.85, while National Shipping Co. of Saudi Arabia eased 2.75 percent to SR29.04. Etihad Etisalat Co. declined 2.43 percent, closing at SR66.35.

Arab National Bank slipped 2.40 percent to SR25.20, and Thimar Development Holding Co. decreased 2.10 percent to SR43.80.

On the announcement front, Derayah Financial Co. said its board of directors approved the distribution of cash dividends totaling SR8.9 million for the third quarter of fiscal year 2025.

The company stated that shareholders registered at the close of trading on Oct. 13 will be eligible, with distribution scheduled for Oct. 23.

Derayah's shares closed 1.59 percent higher at SR30.68.

Jahez International Co. for Information System Technology announced the completion of the first phase of its acquisition of a 75 percent stake in Snoonu Corporation Holding LLC through the purchase of more than 7.9 million shares.

Following the transaction, Jahez's total ownership in Snoonu reached 76.56 percent, while the founder, Hamad Mubarak Al-Hajj, retained 23.44 percent.

The company said the deal was financed through a mix of internal cash and treasury shares, with the financial impact to be reflected in Jahez's 2025 year-end statements.

Shares of Jahez closed 0.54 percent higher at SR22.52.