RIYADH: Saudi Arabia’s Tadawul All Share Index closed slightly lower on Tuesday, dipping 0.08 percent, or 9.91 points, to settle at 12,369.63.
Trading turnover on the main market reached SR6.92 billion ($1.84 billion), with 133 stocks advancing and 97 declining.
The Kingdom’s parallel market, Nomu, also shed 27 points to close at 31,317.97, while the MSCI Tadawul Index slipped 0.17 percent to 1,549.08.
The best-performing stock on the main market was Rasan Information Technology Co., with its share price rising 9.99 percent to SR88.10.
Other top gainers included Saudi Cable Co., which rose 9.97 percent to SR128, and Walaa Cooperative Insurance Co., up 6.24 percent to SR22.80.
Conversely, ACWA Power Co.’s share price fell 3.49 percent to SR420.
On the announcements front, Al Jouf Cement Co. said it has signed a SR38 million agreement with Mohammed Shahi Al-Ruwaili Contracting to export various types of cement and clinker to Syria.
According to a statement on Tadawul, the contract will be effective from Feb. 1 to Feb. 28, 2026.
The company noted that the agreement's financial impact will be reflected in its performance from the first quarter of 2025 through the first quarter of 2026.
Al Jouf Cement Co.’s share price rose 1.42 percent to SR11.46.
Scientific and Medical Equipment House Co., known as Equipment House, announced securing a SR105.07 million tender to maintain and repair medical devices and equipment in hospitals and health centers under the Riyadh First Health Cluster.
According to a Tadawul statement, the contract covers King Salman Hospital, Al Iman Hospital, and Imam Abdulrahman Al Faisal Hospital, as well as the Convalescent Hospital, and various dental complexes.
The company noted that the financial impact of the deal will be reflected starting in the second quarter of this year.
Scientific and Medical Equipment House Co.’s share price edged up by 0.19 percent to SR52.20.
Aldrees Petroleum and Transport Services Co. reported a net profit of SR338 million for 2024, marking a 20.37 percent increase compared to the previous year.
The company attributed the profit growth to a 30 percent rise in revenues driven by stronger sales in its petrol and transport segments.
Aldrees, listed on Saudi Arabia’s main index, also announced that its shareholders recommended a cash dividend of SR1.5 per share for 2024.
The company’s share price rose 4.20 percent to close at SR129.
