The Riyadh bourse ended lower as the Tadawul All Share Index slipped 48.34 points to 10,619.10. The benchmark fell 0.45 percent, signaling investor caution. Meanwhile, daily trading turnover reached SR3.33 billion ($886.3 million), indicating consistent activity.
Performance across listed companies remained mixed. In total, 136 stocks gained while 110 declined. At the same time, the Nomu parallel market edged up 0.12 percent to finish at 25,673.03. However, the MSCI Tadawul Index dropped 7.87 points to 1,375.55, reflecting sectoral pressures.
Among the strongest performers, Thimar Development Holding Co. advanced 9.99 percent to SR42.92. Red Sea International Co. climbed 4.94 percent to SR44.60. Umm Al Qura for Development and Construction Co. also rose 2.80 percent, ending at SR23.15. These movements lifted sentiment in the construction and development segments.
On the weaker side, Marketing Home Group for Trading Co. declined 3.84 percent to SR77.70. Riyad REIT Fund also fell 3.51 percent to SR5.23. As a result, real estate-linked shares came under sharper selling pressure.
In corporate news, Al Rajhi Takaful completed its share buyback program under the Employee Stock Incentive Plan. The insurer repurchased 300,000 shares at a total value of SR35.7 million, with an average price of SR119. Despite the effort, its stock dropped 1.37 percent to SR115.40.
Separately, ADES Holding Co. announced a multi-year contract extension with QatarEnergy for its Aquamarine Driller rig. The deal, worth SR808 million, includes a four-year firm term and options for three additional years. The agreement takes effect immediately, though ADES shares eased 0.20 percent to SR15.02.
Arab National Bank disclosed the completion of a $750 million additional Tier 1 sustainable sukuk issuance. Denominated in US dollars, the offering involved 3,750 sukuk valued at $200,000 each, with a 6.4 percent annual fixed return. Despite the successful issue, the bank’s shares slipped 2.75 percent to SR22.30.
Overall, the Kingdom’s equity market reflected both gains and losses. Advances in construction and development partly offset declines in real estate and banking. Still, the Tadawul benchmark closed in the red, highlighting cautious investor sentiment.
