07/07/2026 04:33 AST
Saudi Arabia's Tadawul All Share Index rose on Monday, gaining 14.07 points, or 0.13 percent, to close at 10,813.04.
The total trading turnover of the benchmark index was SR3.79 billion ($1.01 billion), as 96 of the listed stocks advanced, while 157 retreated.
The MSCI Tadawul Index also increased, up 1.5 points or 0.1 percent to close at 1,437.82.
The Kingdom's parallel market Nomu lost 26.15 points, or 0.12 percent, to close at 22,663.80. This comes as 21 of the listed stocks advanced, while 41 retreated.
The best-performing stock was Saudi Paper Manufacturing Co., with its share price surging by 9.99 percent to SR61.10.
Other top performers included Saudi Fisheries Co., which saw its share price rise by 9.95 percent to SR76.80, and Ash-Sharqiyah Development Co., which saw a 6.85 percent increase to SR16.70.
On the downside, the worst performer of the day was Saudi Darb Investment Co., whose share price fell by 5.69 percent to SR2.32.
Batic Investments and Logistics Co. and Al Moammar Information Systems Co. also saw declines, with their shares dropping by 5.41 percent and 4.79 percent to SR2.10 and SR222.80, respectively.
On the announcement front, Emaar, the Economic City, announced that it has signed a construction works contract with Nesma & Partners Contracting Co. UJSC for the development of infrastructure networks within the Special Economic Zone in the Industrial Valley at King Abdullah Economic City.
According to a Tadawul statement, the agreement covers infrastructure works for Phase 1 of the King Salman Automotive Cluster, along with other strategic projects in the Industrial Valley, aimed at supporting existing tenants and meeting contractual commitments.
"Following the completion of the evaluation and feasibility study, the contract was awarded to Nesma & Partners Contracting Co. UJSC for a total value of SR547.4 million (excluding VAT)," the statement said.
The award was first announced on May 5, and the contract was formally signed on July 5 with an execution period of 18 months.
The financial impact of the agreement is expected to be reflected in the company's results starting from the third quarter of 2026.
Emaar, the Economic City, noted a related-party element in the transaction, as the Public Investment Fund also holds a 30.1 percent stake in Nesma & Partners Contracting Co. UJSC.
EMAAR EC's share price rose by 1.84 percent on the main market to SR9.98.
Arab News
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