RIYADH: Saudi Arabia’s Tadawul All Share Index was broadly stable on Monday, as it marginally declined by 0.05 percent to close at 10,625.50.

The total trading turnover of the benchmark index stood at SR3.42 billion ($910 million), with 84 of the listed stocks advancing and 167 declining.

The Kingdom’s parallel market Nomu shed 150.97 points or 0.63 percent to close at 23,911.47.

The MSCI Tadawul Index edged up by 0.18 percent to 1,397.01.

The best-performing stock on the main market was Bupa Arabia for Cooperative Insurance Co. Its share price increased by 5.68 percent to SR150.80.

The share price of East Pipes Integrated Co. for Industry rose by 3.58 percent to SR138.80.

On Tuesday, the company announced that it signed a six-month contract worth SR485 million with the Saudi Water Authority to manufacture and supply steel pipes.

The firm added that the financial impact of the contract will be visible on the company’s financials in the final three months of this year and the first quarter of 2026.

On the main market, ARTEX Industrial Investment Co. also saw its stock price increase by 3.57 percent to SR11.59.

Conversely, the share price of Abdullah Saad Mohammed Abo Moati for Bookstores Co. declined by 6.47 percent to SR44.24.

On the announcements front, Power and Water Utility Co., Marafiq for Jubail and Yanbu, said that it reached an amicable settlement with Saudi Aramco in relation to the supply of heavy fuel oil to the firm’s facility in Yanbu 2.

Under the agreement, Saudi Aramco will pay approximately SR70 million, and Marafiq will be exempted from paying certain handling fees, as well as operation, maintenance, and rental costs for specific facilities over varying timeframes, with an amount not exceeding approximately SR15 million annually until 2033.

The share price of Marafiq edged up by 0.78 percent to SR38.64.