Closing Bell: Saudi main index closes in green at 12,145 

The best-performing stock of the day was Allianz Saudi Fransi Cooperative Insurance Co., with its share price surging 6.45 percent to SR17.82. Shutterstock
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Updated 29 August 2024
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Closing Bell: Saudi main index closes in green at 12,145 

  • MSCI Tadawul Index increased by 3.50 points, or 0.23%, to close at 1,515.82
  • Parallel market Nomu dipped, losing 60.27 points, or 0.23%, to close at 26,161.12

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 28 points, or 0.23 percent, to close at 12,145.15. 

The total trading turnover of the benchmark index was SR12.2 billion ($3.26 billion), as 103 of the listed stocks advanced, while 119 retreated. 

The MSCI Tadawul Index increased by 3.50 points, or 0.23 percent, to close at 1,515.82. 

The Kingdom’s parallel market Nomu dipped, losing 60.27 points, or 0.23 percent, to close at 26,161.12. This came as 28 of the listed stocks advanced, while 37 retreated. 

The best-performing stock of the day was Allianz Saudi Fransi Cooperative Insurance Co., with its share price surging 6.45 percent to SR17.82. 

Other top performers included Kingdom Holding Co. and National Co. for Learning and Education, with share prices rising by 5 percent to SR9.24 and 4.43 percent to SR207.40. 

SEDCO Capital REIT Fund and Ataa Educational Co. also recorded positive trajectories today, with share prices rising by 4.12 percent to SR8.09 and 4 percent to SR75.40. 

The worst performer of the day was Al-Rajhi Co. for Cooperative Insurance, with its share price falling by 4.27 percent to SR202. 

Saudi Pharmaceutical Industries and Medical Appliances Corp. and Saudi Arabian Amiantit Co. also saw significant declines, with their shares dropping by 3.17 percent and 3.14 percent to SR33.55 and SR29.30, respectively. 

Other worst performers included National Agricultural Development Co. and Al Hammadi Holding, with share prices dropping by 3.10 percent to SR28.10 and 3.04 percent to SR44.60. 

Nomu’s leading performers were Al-Razi Medical Co., Naba Alsaha Medical Services Co., and Saudi Lime Industries Co., with share price increases of 9.70 percent, 7.02 percent, and 6.76 percent, bringing their values to SR46.95, SR93, and SR12, respectively. 

Other top performers included Edarat Communication and Information Technology Co. and Horizon Food Co. 

The parallel market’s worst performers were: 

Saudi Top for Trading Co., with its share price dropping by 10.89 percent to reach SR6.14. 

Arabian Plastic Industrial Co., with its share price dipping by 8.91 percent reaching SR32.20. 

Knowledge Tower Trading Co., with its share price decreasing by 7.85 percent to settle at SR6.22. 


Saudi POS spending jumps 28% in final week of Jan: SAMA

Updated 06 February 2026
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Saudi POS spending jumps 28% in final week of Jan: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors. 

POS transactions reached SR16 billion ($4.27 billion) in the week ending Jan. 31, up 27.8 percent week on week, according to the Saudi Central Bank. Transaction volumes rose 16.5 percent to 248.8 million, reflecting stronger retail and service activity. 

Spending on jewelry saw the biggest uptick at 55.5 percent to SR613.69 million, followed by laundry services which saw a 44.4 percent increase to SR62.83 million. 

Expenditure on personal care rose 29.1 percent, while outlays on books and stationery increased 5.1 percent. Hotel spending climbed 7.4 percent to SR377.1 million. 

Further gains were recorded across other categories. Spending in pharmacies and medical supplies rose 33.4 percent to SR259.19 million, while medical services increased 13.7 percent to SR515.44 million. 

Food and beverage spending surged 38.6 percent to SR2.6 billion, accounting for the largest share of total POS value. Restaurants and cafes followed with a 20.4 percent increase to SR1.81 billion. Apparel and clothing spending rose 35.4 percent to SR1.33 billion, representing the third-largest share during the week. 

The Kingdom’s key urban centers mirrored the national surge. Riyadh, which accounted for the largest share of total POS spending, saw a 22 percent rise to SR5.44 billion from SR4.46 billion the previous week. The number of transactions in the capital reached 78.6 million, up 13.8 percent week on week. 

In Jeddah, transaction values increased 23.7 percent to SR2.16 billion, while Dammam reported a 22.2 percent rise to SR783.06 million. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia.  

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives.  

The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.