Saudi Stock Market trading ended lower on Wednesday, as widespread losses pushed the main index down 1.74%. The Tadawul All Share Index lost 179.31 points to close at 10,138.83. Meanwhile, trading activity reached approximately 210 million shares worth more than SR3.9 billion. Only 15 companies advanced, while 252 recorded declines during the session.
The Nomu parallel market also finished in negative territory. Its index dropped 197.99 points, or 0.90%, to reach 21,832.37. However, 25 companies gained ground, while 38 stocks declined. The MSCI Tadawul 30 Index also fell by 1.57%, losing 21.80 points to close at 1,366.40.
Watani Iron Steel Company led the market’s top performers. Its share price climbed 9.97% to finish at SR3.53. Saudi Enaya Cooperative Insurance Company also advanced, gaining 1.91% to reach SR10.13. Additionally, SEDCO Capital REIT Fund rose 1.66%, closing at SR6.72.
On the other hand, Seera Group Holding recorded the session’s steepest decline. Its shares dropped 6.95% to close at SR17.40. Development Works Food Company followed with a 6.83% decrease to SR73.70. SAL Saudi Logistics Services Company also fell 6.63%, ending the session at SR154.90.
Beyond market movements, several companies announced new contracts and financing arrangements. Al-Moammar Information Systems Company signed a contract worth SR179.8 million with King Saud Medical City. The agreement covers information technology services over a period of 60 months. The company expects the contract to affect its financial results from the first quarter of 2027. The expected impact will continue through the fourth quarter of 2031.
Al-Moammar shares rose 1.07% to close at SR301.20. Meanwhile, Keir International renewed its Shariah-compliant financing agreement with Banque Saudi Fransi. The facility totals SR125.9 million and runs for one year. The company plans to use the financing for projects, bank guarantees, and documentary credits. Project assignments, a promissory note, and a personal guarantee secure the facility. Keir International shares declined 2% to close at SR0.98.
Anmat Technology for Trading also secured a new financing arrangement. The company signed a SR40 million Shariah-compliant credit facility with Arab National Bank. It intends to use the funds for working capital and existing or future projects. The facility will also support letters of credit and bank guarantees. Receivables from government projects and a promissory note secure the financing. Anmat shares fell 2.11% to close at SR8.80.
In another development, MSGA Investment signed a SR13.47 million contract with the Development Housing Foundation, known as SAKAN. The agreement covers 25% of the residential units in its MSGA 30 project. The development sits in Riyadh’s Al-Safa district. MSGA expects to transfer ownership within 60 days of signing. The company anticipates a positive financial impact beginning in the fourth quarter of 2026. Its shares remained unchanged at SR5.90.
Axelerated Solutions for Information and Communication Technology approved a major capital increase. The company plans to double its capital from SR28 million to SR56 million. It will issue one bonus share for every existing share held. The increase will come from SR28 million in retained earnings. Management expects the move to strengthen its financial position and support expansion.
The company also approved an employee share plan. Additionally, it authorized the purchase of up to one million shares for eligible employees. The company will use its own funds and complete the purchases within 18 months. Its shares gained 2.38% to close at SR11.20.
Overall, Saudi Stock Market performance reflected broad selling pressure across listed companies. Nevertheless, corporate announcements highlighted continued financing activity and business development. Investors will likely monitor upcoming disclosures and market trends for further direction.
