Closing Bell: Saudi main index ends lower at 10,878

The benchmark’s total trading turnover stood at SR4.21 billion ($1.12 billion), with 95 stocks advancing and 148 declined. FIle
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Updated 20 August 2025
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Closing Bell: Saudi main index ends lower at 10,878

  • MSCI Tadawul Index fell 0.02%, to close at 1,406.62
  • Parallel market Nomu lost 0.52% to end at 26,629.95

RIYADH: Saudi Arabia’s Tadawul All Share Index edged down on Wednesday, slipping 3.64 points, or 0.03 percent, to close at 10,878.07. 

The benchmark’s total trading turnover stood at SR4.21 billion ($1.12 billion), with 95 stocks advancing and 148 declined. 

The MSCI Tadawul Index also dipped, falling 0.24 points, or 0.02 percent, to 1,406.62. 

The Kingdom’s parallel market Nomu lost 139.91 points, or 0.52 percent, to close at 26,629.95, as 35 stocks advanced and 55 retreated. 

Thimar Development Holding Co. was the session’s top performer, rising 4.47 percent to SR41.10. 

Al-Jouf Agricultural Development Co. climbed 3.4 percent to SR45.64, and Power and Water Utility Co. for Jubail and Yanbu gained 2.41 percent to SR40.80. 

Alistithmar AREIC Diversified REIT Fund recorded the steepest drop, falling 4.50 percent to SR8.06. Retal Urban Development Co. declined 3.95 percent to SR13.14, while Zamil Industrial Investment Co. slipped 2.94 percent to SR37.66. 

In corporate announcements, Sama Healthy Water Factory Co. reported a 27.19 percent decline in first-half 2025 net profit to SR3.51 million, compared with SR4.82 million a year earlier. 

In a Tadawul statement, the company attributed the fall mainly to unrealized foreign exchange losses, though it said core operational profit rose 23 percent on the back of higher sales and improved margins following the integration of a new raw material production line. 

Its share price fell 1.29 percent to SR2.29.  

View United Real Estate Development Co. posted a 132.11 percent increase in net profit for the first half of the year, reaching SR9.97 million versus SR4.30 million in the same period last year. 

The company cited a 104.77 percent jump in revenue, driven by stronger performance across most business segments, alongside the positive impact of off-plan and land sales, according to a Tadawul statement. 

Its shares, however, slipped 0.95 percent to SR6.24. 

Al Rashid Industrial Co. registered a 22.88 percent rise in first-half net profit to SR21.47 million, compared with SR17.47 million in the previous year. 

The company said the increase reflected stronger top-line performance and a 21.78 percent jump in gross operating profit, highlighting improved efficiency. 

Its stock advanced 9.18 percent to SR53.50. 


Dubai inflation eases to 2.7% in November

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Dubai inflation eases to 2.7% in November

RIYADH: Dubai’s annual inflation rate slowed to 2.7 percent in November, down from 3.4 percent in the previous month, according to official data released by Dubai Statistical Center. 

The main cause of the slowdown was a decline in transport prices, which decreased by 1.9 percent month on month. 

On an annual basis, transport prices witnessed a moderate rise of 0.2 percent in November compared to a 4.2 percent increase the previous month.

The steady inflation rate aligns with the wider trend observed in the Gulf Cooperation Council region, where countries are successfully navigating price shocks by adopting effective economic policies. 

In November, Saudi Arabia witnessed an inflation rate of 1.9 percent, down from 2.2 percent observed in October. 

Commenting on Dubai’s inflation figure, Emirates NBD, a government-owned bank, commented: “The primary driver of the cooldown in inflation in November was the transport component, which accounts for around 9 percent of the CPI ( consumer price index) basket and has long been the primary driver of monthly inflation volatility in Dubai.” 

According to DSC, the housing and utilities sector, which accounts for 40.68 percent of the Emirates’ CPI basket, witnessed a 5.3 percent year-on-year rise in November. 

The prices for food and beverages, which make up 11.66 percent of the CPI basket, also increased by 0.7 percent in November compared to the same month in the previous year. 

Conversely, the prices of clothing and footwear declined by 0.8 percent year on year in November. 

“Annualized inflation has averaged 2.8 percent over January to November and is likely to come in just marginally higher than our long-held forecast for an average of 2.6 percent,” said Emirates NBD. 

It added: “We expect price growth to remain at a broadly similar level in 2026, forecasting an average of 2.5 percent over the course of the year.” 

In October, a report by the International Monetary Fund noted that inflation in the GCC region is expected to average at 1.7 percent in 2025 and 2 percent in 2026, underscoring the bloc’s resilience to global price pressures.