RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Tuesday, losing 38.41 points, or 0.35 percent, to close at 11,033.99.
The total trading turnover of the benchmark index reached SR4.03 billion ($1.07 billion), as 42 of the listed stocks advanced, while 215 retreated.
The MSCI Tadawul Index also fell, down 2.54 points, or 0.17 percent, to close at 1,476.87.
The Kingdom’s parallel market Nomu lost 228.32 points, or 0.98 percent, to close at 22,998.68. This comes as 19 of the listed stocks advanced, while 33 retreated.
The best-performing stock was Saudi Fisheries Co., with its share price surging 9.93 percent to SR54.35.
Other top performers included Development Works Food Co., which saw its share price rise 5.20 percent to SR100.10, and Ash-Sharqiyah Development Co., whose stock gained 5.04 percent to SR13.34.
On the downside, Consolidated Grunenfelder Saady Holding Co. was the session’s weakest performer, with its share price falling 9.94 percent to SR6.98.
Arabian Pipes Co. fell 5.70 percent to SR6.95, while Sustained Infrastructure Holding Co. declined 4.57 percent to SR34.26.
In corporate disclosures, Qomel Co. said it signed two agreements with the National Unified Procurement Co. for Medicines, Medical Devices and Supplies to supply medicines on demand and provide related services.
The contracts have a combined value of SR214.2 million, with the first contract worth SR111.3 million and the second valued at SR102.9 million.
According to a Tadawul statement, the first contract spans 1,033 days, while the second runs for 816 days. The company expects the financial impact of both agreements to be reflected positively in its financial statements beginning in the second half of 2026.
Qomel Co.’s share price rose 6.38 percent on the parallel market to SR50.
