Closing Bell: Saudi Main Index Extends Gains as Market Opens Wider to Foreign Investment
RIYADH — Saudi Arabia’s stock market closed firmly higher on Monday, with the benchmark Tadawul All Share Index extending gains as investor sentiment strengthened amid broader market participation and growing foreign investment access.
The main index advanced 153.61 points, or 1.38 percent, to close at 11,321.09. Trading activity remained robust, with total turnover reaching SR5.85 billion ($1.56 billion). Of the listed stocks, 207 ended the session higher, while 55 recorded losses.
The MSCI Tadawul Index also closed in positive territory, gaining 21.20 points, or 1.41 percent, to finish at 1,524.18, reflecting continued foreign investor interest in Saudi equities.
Meanwhile, the Kingdom’s parallel market Nomu rose by 278.13 points, or 1.17 percent, closing at 24,013.03. Performance in Nomu was broadly positive, with 43 stocks advancing against 29 decliners.
Among individual stocks, Saudi Pharmaceutical Industries and Medical Appliances Corp. led the market, with its share price surging 7.26 percent to SR28.94. Rasan Information Technology Co. followed, climbing 6.51 percent to SR144, while Knowledge Economic City gained 6.25 percent to close at SR13.09.
On the downside, Najran Cement Co. was the session’s worst performer, falling 2.11 percent to SR6.49. Shares of Almasane Alkobra Mining Co. slipped 2 percent to SR103.10, while Saudi Cable Co. declined 1.88 percent to SR166.80.
In corporate news, Riyad Bank announced its annual financial results for 2025. The lender reported total income from special commissions on financing of SR24.1 billion, with net income from special commissions reaching SR12 billion.
In a statement to Tadawul, the bank said net income rose by 11.7 percent, driven by higher total operating income and lower operating expenses. Growth was supported by increased revenues from fees and commissions, trading activities, special commissions, gains on non-trading investments, and other operating income streams, partially offset by declines in exchange and dividend income.
Riyad Bank’s share price closed at SR18.18, up 1.43 percent on the main market.
