Arab News
Arab news, Tue, Aug 05, 2025 | Safar 11, 1447
Closing Bell: Saudi main index closes up at 10,839
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index edged higher on Monday, gaining 6.35
points, or 0.06 percent, to close at 10,839.45.
The total trading turnover of the benchmark index
reached SR4.92 billion ($1.31 billion), with 138 stocks advancing and 110
declining.
The Kingdom’s parallel market Nomu also closed in
positive territory, rising 135.55 points, or 0.51 percent, to settle at
26,891.39, as 41 stocks advanced while 38 retreated.
Meanwhile, the MSCI Tadawul 30 Index slipped
marginally, losing 1.41 points, or 0.10 percent, to end at 1,397.24.
The best-performing stock of the day was Tourism
Enterprise Co., whose share price rose 9.57 percent to SR1.03.
Other top performers included SICO Saudi REIT Fund
Unit, which climbed 7.58 percent to SR4.40, and Takween Advanced Industries Co.,
which gained 6.56 percent to close at SR8.29.
Perfect Presentation for Commercial Services Co.
rose 5.56 percent, while Amana Cooperative Insurance Co. gained 5.15 percent.
Nice One Beauty Digital Marketing Co. registered
the steepest decline, falling 9.97 percent to SR26.74.
Other notable declines came from Thimar
Development Holding Co., down 5.84 percent to SR36.42, and Al Etihad Cooperative
Insurance Co., which dropped 5.56 percent to SR11.71.
Herfy Food Services Co. and BAAN Holding Group Co.
also ended the day lower, falling 5.20 percent and 4.74 percent.
On the announcement front, the Saudi Exchange Co.
has approved SNB Capital’s application to conduct market-making activities on
Almasane Alkobra Mining Co. and Waja Co., effective from July 30.
According to the exchange, SNB Capital’s
obligations as a market maker for Almasane Alkobra Mining Co. include
maintaining a minimum presence of orders at 70 percent, a minimum size of 75,000
units, and ensuring a maximum spread of 0.75 percent. Additionally, the market
maker must achieve a minimum value traded of at least 5 percent.
For Waja Co., SNB Capital is required to uphold a
minimum presence of orders at 50 percent, with a minimum size of 50,000 units
and a maximum spread of 5 percent. There is no minimum value traded requirement
for Waja Co.
The company will perform its duties in line with
the Market Making Regulations and the Market Making Procedures set by the Saudi
Exchange Co.