Closing Bell: Saudi main index closes in red at 11,167 

The total trading turnover of the benchmark index stood at SR4.44 billion ($1.18 billion), with 33 of the listed stocks advancing and 227 declining. Shutterstock
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Updated 01 February 2026
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Closing Bell: Saudi main index closes in red at 11,167 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday as it shed 214.60 points, or 1.89 percent, to close at 11,167.48.  

The total trading turnover of the benchmark index stood at SR4.44 billion ($1.18 billion), with 33 of the listed stocks advancing and 227 declining.  

The Kingdom’s parallel market Nomu also shed 175.96 points, or 0.74 percent, to close at 23,734.90.  

The MSCI Tadawul Index declined by 2.12 percent to 1,502.98.  

The best-performing stock on the main market was The Mediterranean and Gulf Insurance and Reinsurance Co., as its share price increased by 7.33 percent to SR14.50.  

The share price of Thob Al Aseel Co. rose by 2.97 percent to SR3.81.  

Middle East Pharmaceutical Industries Co. also saw its stock price climb by 2.60 percent to SR114.60.  

Conversely, the share price of Almasane Alkobra Mining Co. declined by 9.93 percent to SR105.20.  

On Sunday, Saudi Arabia’s stock market opened to all categories of foreign investors, allowing direct investments in the main market.  

This followed an announcement made by the Capital Market Authority in January, which included the removal of restrictions such as the Qualified Foreign Investor framework, which required a minimum of $500 million in assets under management, and the abolition of swap agreements. 

On the announcements front, Arab National Bank revealed that its net profit reached SR5.11 billion in 2025, representing an increase of 3.02 percent compared to the previous year.  

According to a Tadawul statement, the financial institution attributed the rise in net profit to an increase in net special commission income, net fee and commission income, as well as dividend income.  

ANB added that the profits were also supported by net gains on FVSI financial instruments, net exchange income and net trading income.  

The share price of ANB edged down by 1.75 percent to SR22.40.  


Qatar CPI falls in January, annual inflation rises 2.28% 

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Qatar CPI falls in January, annual inflation rises 2.28% 

JEDDAH: Qatar’s consumer price index climbed 2.28 percent in January from a year earlier, official data showed, while registering a 2.22 percent drop from the previous month.

The decline from December was led by an 11.97 percent drop in recreation and culture prices, alongside decreases in miscellaneous goods and services, restaurants and hotels, clothing, food and housing-related costs, Qatar News Agency reported, citing data from the National Planning Council. 

This was followed by miscellaneous goods and services at 3.46 percent, restaurants and hotels at 1.90 percent, clothing and footwear at 1.15 percent, food and beverages at 0.59 percent, and housing, water, electricity, gas, and other fuels at 0.17 percent. 

Qatar’s inflation remains relatively contained compared with wider global price swings, helped by stable housing costs and government subsidies. Across the region, trends are mixed, with Saudi inflation easing to 1.8 percent in January while Egypt’s annual rate slowed to 10.1 percent even as monthly prices jumped. 

“The annual increase, comparing January 2026 with the same month in 2025, was driven by rises in eight groups,” QNA reported, noting that the largest year-on-year increases were seen in miscellaneous goods and services, which rose 12.40 percent. 

Price increases were observed in the transport group at 0.54 percent, followed by communication at 0.32 percent and health at 0.27 percent. Furniture and household equipment rose 0.20 percent and education edged up 0.06 percent, while tobacco recorded no change. 

This was followed by recreation and culture at 4.90 percent and clothing and footwear at 3.25 percent. Food and beverages rose 2.87 percent, furniture and household equipment 2.37 percent, education 2.08 percent, housing and utilities 1.21 percent, and communication 0.40 percent. 

In contrast, QNA further reported, three groups saw annual declines: restaurants and hotels, down 2 percent; health, down 1.38 percent; and transport, down 0.48 percent, while the tobacco group remained unchanged. 

“When calculating the CPI for January 2026 excluding the housing, water, electricity, gas, and other fuels group, the index reached 114.57 points, down by 2.65 percent compared with December 2025, and up by 2.51 percent compared with January 2025,” the QNA report added. 

The index — which tracks inflation across 12 main expenditure groups covering 737 goods and services — is based on 2018 as the reference year, drawing on the Household Income and Expenditure Survey conducted in 2017–2018.