The Tadawul index ended the session lower, slipping by 26 points to finish at 10,670. Trading turnover reached SR3.87 billion with 208 million shares changing hands. In total, 61 stocks advanced while 186 stocks declined.
The MSCI Tadawul 30 Index edged down slightly to 1,381. Meanwhile, the parallel market Nomu also fell to 25,933, with 36 gainers and 45 losers. The overall movement reflected caution across the Tadawul index.
Among the top performers, Electrical Industries Co. gained 4 percent to SR9.31. Etihad Atheeb Telecommunication Co. followed with a 3.7 percent increase to SR111. SABIC Agri-Nutrients Co. advanced more than 3 percent to SR118.40. Additionally, Al Masane Al Kobra Mining Co. climbed 2.9 percent to SR63.10. Saudi Industrial Investment Group also rose nearly 3 percent to SR19.60.
On the downside, Rabigh Refining and Petrochemical Co. dropped over 5 percent to SR6.61. Arab National Bank slipped 4.5 percent to SR23.10. Development Works Food Co. retreated 4.3 percent to SR118.60. Furthermore, Qassim Cement Co. fell 3.3 percent to SR41.64, while AYYAN Investment Co. decreased 3.1 percent to SR11.69.
In corporate developments, Red Sea International Co. confirmed shareholders approved a major transaction involving its subsidiary. Fundamental Installation for Electric Work Co. will offer 12 million ordinary shares through an IPO on the Saudi Exchange. Red Sea will retain its 51 percent stake. However, Red Sea shares declined 2.8 percent to SR43.80 after the news.
Separately, the Saudi Exchange confirmed the listing of Marketing Home Group for Trading Co. on the main market. The new listing allows 30 percent daily price fluctuation limits for the first three days before returning to normal levels.
In another update, Obeikan Glass Co. signed a sale and purchase agreement to acquire full ownership of Obeikan AGC Co. The SR22.9 million deal consolidates all shareholder stakes under Obeikan Glass. Its shares ended slightly lower at SR28.10.
Meanwhile, Jamjoom Fashion Trading Co., known for brands Nayomi and Mihyar, announced the launch of its IPO on Nomu. The price range was set between SR140 and SR145 per share. The offering covers 2.38 million shares, or 30 percent of its capital. The IPO values the company at around SR1.1 billion.
Overall, the Tadawul index reflected mixed activity with cautious investor sentiment. While several companies advanced, many major firms declined. Corporate IPO announcements and acquisition news added momentum, yet market volatility remained clear.
