Closing Bell: Saudi stock market closes in red at 10,898 

The total trading turnover stood at SR3.97 billion ($1.05 billion) with 252.37 million shares traded, as 100 stocks advanced while 147 declined. Shutterstock
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RIYADH: ºÚÁÏÉçÇøâ€™s Tadawul All Share Index closed slightly lower on Monday, slipping 6.49 points, or 0.06 percent, to settle at 10,898.04.   

The total trading turnover stood at SR3.97 billion ($1.05 billion) with 252.37 million shares traded, as 100 stocks advanced while 147 declined.  

The MSCI Tadawul 30 Index also fell, shedding 2.18 points, or 0.15 percent, to end at 1,408.56.   

The Kingdom’s parallel market Nomu dropped 298.83 points, or 1.13 percent, to close at 26,208.45, with 28 gainers against 54 losers.  

The best-performing stock of the session was Fawaz Abdulaziz Alhokair Co., which gained 7.35 percent to close at SR25.56.   

Other notable gainers included Seera Holding Group, up 3.56 percent at SR28.48, United Electronics Co., which added 2.94 percent to SR90.90, and Rasan Information Technology Co., which rose 2.89 percent to SR96.25.  

Umm Al Qura for Development and Construction Co. also advanced, closing 2.59 percent higher at SR22.54.  

On the losing side, Saudi Industrial Investment Group dropped 5.45 percent to SR18.91, while Advanced Petrochemical Co. declined 5.06 percent to SR34.90.   

Yanbu National Petrochemical Co. slipped 4.84 percent to SR33.44, and Al Yamamah Steel Industries Co. lost 2.79 percent to close at SR34.10. Al Mawarid Manpower Co. also retreated 2.51 percent to SR132.00.  

On the announcement front, United Mining Industries Co. posted a 16.04 percent year-on-year decline in net profit for the first half of 2025, recording SR9.96 million compared to SR11.86 million in the same period a year earlier. Revenue fell 18.04 percent to SR99.27 million.   

The company attributed the decline to lower product prices and higher operating costs. Its shares dropped 10.64 percent, closing at SR44.  

Alinma Bank announced its intention to issue US dollar-denominated Sustainable Additional Tier 1 Capital Certificates under its Additional Tier 1 Capital Certificate Issuance Program.   

The bank said the issuance will be conducted via a special purpose vehicle and offered to eligible investors in ºÚÁÏÉçÇø and abroad, with proceeds aimed at strengthening Tier 1 capital and supporting general banking purposes. The stock rose 0.31 percent to close at SR25.88.  

Meanwhile, Saudi Awwal Bank announced plans to issue US dollar-denominated Tier 2 Capital Green Notes under its Medium Term Note Program, with the proceeds to support Tier 2 capital, general corporate purposes, and the bank’s sustainability objectives. The stock fell 0.32 percent to SR30.80.