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Closing Bell: Saudi main index closes in red at 11,792

Saudi Arabia 24.03.2025
Source: dairynews.today
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Saudi Arabia’s Tadawul All Share Index fell by 0.76 percent to end at 11,792.40, reflecting a trading turnover of SR5.94 billion ($1.58 billion) with a majority of stocks declining.
Closing Bell: Saudi main index closes in red at 11,792
Saudi Arabia’s Tadawul All Share Index (TASI) slipped on March 18, 2025, shedding 90.64 points or 0.76 percent to close at 11,792.40.

The total trading turnover of the benchmark index was SR5.94 billion ($1.58 billion), with 52 stocks advancing and 192 declining.

Notably, the Kingdom’s parallel market, Nomu, also saw a decline of 315.76 points to close at 30,718.93, while the MSCI Tadawul Index decreased by 0.73 percent to 1,492.90.

Aldawaa Medical Services Co. emerged as the best-performing stock, surging 9.55 percent to SR78. Conversely, the Fawaz Abdulaziz Alhokair Co., known as Cenomi Retail, experienced a significant decline of 7.21 percent to SR11.84.

In corporate announcements, Derayah Financial Co., which made its market debut on March 10, reported a net profit of SR443.9 million for 2024, marking a 34.64 percent increase from 2023. However, its share price fell by 3.25 percent to SR38.70. Meanwhile, Canadian Medical Center Co. reported a 34.63 percent decrease in profit for 2024, attributed to higher operating and investment costs, resulting in a share price drop of 0.58 percent.

Elm Co. revealed that its shareholders greenlighted the acquisition of shares held by the Public Investment Fund in Thiqah Business Services Co. for SR3.4 billion.

This deal is part of a strategic share purchase agreement.

The Saudi Capital Market Authority also approved several IPOs, including Marketing Home Group Co. and Qudra Communications & Information Technology Co., as part of its continued efforts to foster market participation and growth.

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