RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 1.32 points, or 0.01 percent, to close at 10,853.73.
The total trading turnover of the benchmark index was SR4.36 billion ($1.15 billion), as 60 listed stocks advanced while 200 declined.
The MSCI Tadawul Index also rose, gaining 2.03 points, or 0.14 percent, to close at 1,445.96.
The Kingdom’s parallel market Nomu lost 72.74 points, or 0.32 percent, to close at 22,594.56. A total of 23 stocks advanced, while 36 retreated.
The best-performing stock was Arabian Co. for Agricultural and Industrial Investment, whose share price surged 9.14 percent to SR25.56.
Other top performers included Tanmiah Food Co., whose share price rose 8.26 percent to SR59.65, and Al Mawarid Manpower Co., whose shares gained 4.34 percent to SR108.10.
United International Holding Co. was the session’s biggest decliner, with its share price falling 9.97 percent to SR31.60.
Saudi Enaya Cooperative Insurance Co. fell 9.95 percent to SR9.86, while Thimar Development Holding Co. declined 6.55 percent to SR37.38.
On the announcement front, Mohammed Hassan Al-Naqool Sons Co. said its wholly owned subsidiary, Sadan Industrial Co., signed an agreement to purchase 50 Daewoo trucks from Saudi Diesel Equipment Co. for SR14.8 million, excluding VAT.
According to a Tadawul filing, the trucks will be delivered in stages, with Sadan determining the delivery schedule based on its operational needs and market conditions.
The purchase will be funded through the subsidiary’s own resources and previously secured credit facilities and does not involve a related-party transaction.
The move is part of the group’s broader strategy to expand its transportation and logistics fleet, boost operational efficiency, and meet growing demand for integrated logistics services.
The company expects the financial impact of the deal to begin appearing in its third-quarter 2026 results.
Shares of Al-Naqool were down 1.26 percent following the announcement.
