Closing Bell: Saudi main index closes in green at 11,238

30/04/2026 05:12 AST

Saudi Arabia's Tadawul All Share Index rose on Wednesday, gaining 58.12 points, or 0.52 percent, to close at 11,238.07.

The total trading turnover of the benchmark index was SR5.82 billion ($1.55 billion), as 160 of the listed stocks advanced, while 93 retreated.

The MSCI Tadawul Index also increased, up 6.85 points or 0.46 percent to close at 1,502.74.

The Kingdom's parallel market Nomu lost 13.20 points, or 0.06 percent, to close at 22,875.76. This came as 33 of the listed stocks advanced, while 37 retreated.

The best-performing stock was Saudi Aramco Base Oil Co., with its share price surging by 10 percent to SR123.20.

Other top performers included Red Sea International Co., which also saw its share price rise by 10 percent to reach SR24.43, and Americana Restaurants International PLC - Foreign Co., which saw a 9.63 percent increase to SR2.05.

On the downside, the worst performer of the day was Almasane Alkobra Mining Co., whose share price fell by 4.49 percent to SR81.80.

Aldawaa Medical Services Co. and Banque Saudi Fransi also saw declines, with their shares dropping by 4.14 percent and 2.19 percent to SR46.80 and SR19.66, respectively.

On the announcement front, Arabian Pipes Co. announced its financial results for the first quarter of the year with total revenues amounting to SR194.5 million, compared to SR137.42 million in the previous quarter, showing growth of 41.59 percent.

According to a statement, net profit reached SR20.12 million, representing quarterly growth of 148.4 percent, "reflecting a tangible improvement in operational efficiency and performance along with improvements in the sales mix and supply schedules."

Despite the decline in results compared to the same quarter of the previous year, the growth of the equity base was maintained during the first quarter of 2026, with a growth of 15.12 percent, as the company continues to implement its strategy to maximize shareholders' equity and support sustainable growth.

APC's share price rose by 4.12 percent to reach SR7.33.

Arab News