RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 100.13 points, or 0.90 percent, to close at 10,998.67.
Total trading turnover reached SR3.57 billion ($952.5 million), with 80 stocks advancing while 168 retreated.
The MSCI Tadawul Index also fell, down 14.56 points, or 1.01 percent, ending the session at 1,432.65.
The Kingdom’s parallel market, Nomu, recorded a modest decline of 42.44 points, or 0.18 percent, to close at 23,892.47, with 27 stocks advancing and 48 falling.
The top performer of the day was Zahrat Al Waha for Trading Co., whose share price surged 5.28 percent to SR2.59. Arabian Contracting Services Co. saw its shares rise 4.75 percent to SR112.50, while Al Moammar Information Systems Co. gained 4.45 percent to SR148.
On the downside, Tihama Advertising, Public Relations and Marketing Co. led losses with a 5.46 percent drop to SR23.37. Taiba Investments Co. and Retal Urban Development Co. also fell, with their shares dropping 5.21 percent and 4.80 percent to SR34.20 and SR12.70, respectively.
Arabian Pipes Co. announced the official signing of a major contract with energy giant Saudi Aramco. Valued at approximately SR47 million, the agreement covers the manufacturing and supply of steel pipes and is scheduled for execution over a 13-month period.
The company expects the contract’s positive financial impact to be reflected in its fourth-quarter results for 2026.
During Wednesday’s trading session, Arabian Pipes’ shares rose 0.39 percent to SR5.21, while Saudi Arabian Oil Co. shares gained 0.23 percent to SR25.90.
