Closing Bell: Saudi main index closes in red at 11,898

Updated 41 sec ago

Nadin Hassan

March 05, 2026 16:26

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RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Wednesday, with the main market shedding 32.84 points, or 0.28 percent, to close at 11,898.86.

The total trading turnover of the benchmark index was SR5.63 billion ($1.5 billion), with 69 stocks advancing and 165 declining.

The MSCI Tadawul Index also slightly edged down by 0.07 percent to 1,499.42.

Nomu, the Kingdom’s parallel market, on the other hand, edged up by 21.44 points to close at 31,555.48.

The best-performing stock on the main market was Middle East Healthcare Co. The firm’s share price increased by 6.37 percent to SR73.50.

The share price of both National Medical Care Co. and Advanced Petrochemical Co. rose by 4.51 percent and 3.74 percent to SR167 and SR27.75, respectively.

Conversely, the share price of Walaa Cooperative Insurance Co. declined by 9.95 percent to SR20.46.

On the announcements front, Saudi Electricity Co. said that its net profit for 2024 reached SR6.8 billion, representing a decline of 33 percent compared to 2023. The share price of the utility company slipped by 0.84 percent to SR16.60.

Gas Arabian Services Co. revealed that its net profit for 2024 stood at SR113.9 million, marking a rise of 39.88 percent compared to the previous year. The company attributed the rise in net profit to growth in revenue. Its share price increased by 0.48 percent to SR16.78.

Dallah Healthcare Co. said that its net profit for 2024 increased 30.84 percent year on year to SR471.2 million. The firm added that the rise was due to an increase in revenues and improved performance of associate companies. Despite the increase in net profit, the company’s share price declined by 6.01 percent to SR135.6.

City Cement Co. said that its net profit for 2024 reached SR144.1 million, representing an increase of 75.75 percent compared to 2023. In a Tadawul statement, the company attributed the increase to a rise in sales volume for the current year and an increase in average selling price this year. The share price of City Cement Co. increased by 3.74 percent to SR19.90.