Closing Bell: Saudi main index ends week in red; Nomu gains

The total trading turnover of the benchmark index was SR8.32 billion ($2.22 billion), with 69 stocks advancing and 172 retreating. AFP
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Updated 27 February 2025
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Closing Bell: Saudi main index ends week in red; Nomu gains

RIYADH: Saudi Arabia’s Tadawul All Share Index ended the week in the red, as it shed 120.75 points or 0.99 percent to close at 12,111.90 on Thursday.

The total trading turnover of the benchmark index was SR8.32 billion ($2.22 billion), with 69 stocks advancing and 172 retreating. 

Nomu, Saudi Arabia’s parallel market, gained 118.24 points to close at 31,404.47. 

The MSCI Tadawul Index, however, shed 17.71 points to 1,514.81. 

The best-performing stock on the main index was Alkhorayef Water and Power Technologies Co. The firm’s share price increased by 4.48 percent to SR163.20. 

The share price of Saudi Paper Manufacturing Co. rose by 2.65 percent to SR65.90.

Banan Real Estate Co. also saw its share price increasing by 2.56 percent to SR6.82. 

Conversely, the share price of Mobile Telecommunication Co. Saudi Arabia, also known as Zain KSA declined by 4.57 percent to SR10.86. 

On the announcements front, Arabian Pipes Co. reported a net profit of SR168.18 million in 2024, representing a rise of 27.3 percent compared to the previous year. 

In a Tadawul statement, the firm attributed the rise in profit to improved sales volumes and new project awards to support the company’s production levels.

The share price of Arabian Pipes Co. declined by 2.51 percent to SR11.64. 

The Company for Cooperative Insurance, also known as Tawuniya, said that it witnessed a net profit of SR1.02 billion in 2024, marking a 65.8 percent rise compared to 2023. 

According to a Tadawul statement, insurance revenues of the company rose by 19.7 percent year on year in 2024 reaching SR18.27 billion. 

Tawuniya’s share price increased by 1.83 percent to SR144.60. 

National Gas and Industrialization Co. revealed that its net profit for 2024 reached SR248.7 million, representing a rise of 9.41 percent compared to 2023. 

According to a Tadawul statement, the increase in net profits was driven by growth on higher gas sales which went up by SR365 million due to the rise in gas prices and volume.

National Gas and Industrialization Co.’s share price decreased by 1.52 percent to SR103.40. 

Conversely, the net profit of Gulf Insurance Group fell to SR98.19 million in 2024, representing a decline of 23.6 percent compared to the previous year. 

The group’s share price dropped by 1.54 percent to SR28.85.


Saudi Arabia non-oil exports hit 8-year high, driven by machinery and electrical parts

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Saudi Arabia non-oil exports hit 8-year high, driven by machinery and electrical parts

RIYADH: Saudi Arabia’s non-oil exports have surged to their highest quarterly level since 2017, reaching SR97.5 billion ($25.9 billion) in the fourth quarter of 2025, according to official data.

Figures released by the General Authority for Statistics showed a 114 percent increase compared to eight years earlier, and an 18.6 percent growth year on year.

The machinery, electrical equipment and parts sector emerged as the top performer in the final three months of 2025, accounting for 23.2 percent of total non-oil exports and a 78.6 percent increase year on year. 

The rise in non-oil exports underscores progress under Saudi Arabia’s Vision 2030 program, which aims to diversify the economy by reducing reliance on crude oil revenues and increase the contribution of non-oil exports to non-oil gross domestic product to 50 percent by 2030.

GASTAT’s data showed that the Kingdom’s ratio of non-oil exports to imports increased to 39.4 percent in the final quarter of 2025, up from 34.8 percent a year earlier.

Chemical products, the second-largest non-oil export category, saw a decline of 6.9 percent in the final quarter of 2025 compared to the prior-year quarter, and a 13 percent drop in December versus a year earlier.

While total merchandise exports increased by 7.9 percent in the fourth quarter of 2025, oil exports grew at a slower pace of 3.5 percent. 

As a result, oil’s share of total exports fell to 67.5 percent, down from 70.4 percent in the fourth quarter of 2024. Meanwhile, re-exports surged by 67.4 percent during the quarter, with machinery and electrical equipment making up nearly half of that total.

The Kingdom’s merchandise trade surplus expanded by 26.3 percent in the last three months of 2025 compared to the same period in 2024, supported by a 4.7 percent increase in imports. In December alone, the trade surplus rose by 7.1 percent year on year.

China continued to be Saudi Arabia’s largest trading partner in both exports and imports. 

In the last quarter of 2025, China accounted for 13.1 percent of total Saudi exports and 27.2 percent of imports. Japan followed as the second-largest export destination in December, narrowly edging out China with an 11.7 percent share.

Other key export destinations included the UAE, India, South Korea, and the US. On the import side, the US and the UAE ranked second and third, respectively.

King Abdulaziz Seaport in Dammam remained the Kingdom’s primary gateway for imports, handling 25.1 percent of all inbound goods in the last quarter of 2025. For non-oil exports, King Abdulaziz International Airport in Jeddah was the leading outlet, accounting for 16 percent of the total.