Saudi Arabia’s Tadawul market activity fell modestly, with the main index closing at 10,453.06 after dropping 44.98 points. Investors exchanged 192.58 million shares, generating a turnover of SR3.56 billion. A total of 57 stocks gained, while 190 declined, reflecting cautious market sentiment.
The MSCI Tadawul 30 Index also slipped, losing 3.77 points to finish at 1,361.21. Meanwhile, Nomu, the Kingdom’s parallel market, decreased by 49.03 points to 25,026.22, with 47 advancing and 43 declining.
Among the top gainers, Thimar Development Holding surged 5.84 percent to SR46.40, and Ayyan Investment rose 5.09 percent to SR12.19. Raydan Food increased 2.93 percent to SR13.71, Al Moammar Information Systems gained 2.73 percent to SR131.50, and Taiba Investments advanced 2.57 percent to SR36.72.
On the losing side, Dar Al Majed Real Estate dropped 8.17 percent to SR12.70, while Arriyadh Development fell 5.23 percent to SR28.64. Middle East Healthcare slipped 4.38 percent to SR53.50, National Medical Care fell 4.23 percent to SR160.80, and Buruj Cooperative Insurance declined 4.15 percent to SR15.24.
In other activity, Jamjoom Fashion Trading completed its IPO of 2.38 million shares, representing 30 percent of its capital. The final offer price reached SR145 per share, generating proceeds of SR346 million and a market capitalization of SR1.15 billion.
The IPO attracted strong demand, oversubscribed 4.5 times, with an order book totaling SR1.56 billion. Founder Kamal Jamjoom highlighted strong investor confidence in domestic brands blending online and in-store experiences.
Following regulatory approval, Jamjoom Fashion Trading will list on Nomu. Kamal Osman Jamjoom Trading Co. will retain a 70 percent stake, subject to a 12-month lock-up. Surplus subscription funds will be refunded promptly.
Overall, Tadawul market turnover reflects cautious investor behavior amid selective gains and losses. The market’s movements highlight opportunities for investors while IPO activity underscores strong interest in Saudi companies. Tadawul market performance continues to be a key indicator for monitoring market trends and sentiment.
