Closing Bell: Saudi main index closes in red; Nomu gains

17/04/2026 08:27 AST

Saudi Arabia's Tadawul All Share Index slipped on Thursday, as it shed 34.89 points, or 0.30 percent, to close at 11,554.16.

The total trading turnover of the benchmark index was SR6.38 billion ($1.70 billion), with 146 of the listed stocks advancing and 104 declining.

The Kingdom's parallel market Nomu gained 194.86 points to 23,275.62.

The MSCI Tadawul Index, however, dropped by 0.66 percent to close at 1,555.24.

The best-performing stock on the main market was Nice One Beauty Digital Marketing Co., whose share price advanced 6.33 percent to SR14.11. 11.

The share price of Nofoth Food Products Co. increased by 6.13 percent to SR8.48.

The Power and Water Utility Company for Jubail and Yanbu also saw its stock price climb by 5.42 percent to SR34.62.

Conversely, the share price of Arabian Cement Co. declined by 4.03 percent to SR23.09.

On the announcements front, Jarir Marketing Co. reported a net profit of SR253.5 million in the first quarter of this year, representing an increase of 16.65 percent compared to the same period in 2025.

The company's revenues also rose by 14.37 percent to reach SR3.03 billion, driven by higher sales across all departments, especially smartphones.

The share price of Jarir Marketing Co. rose by 2.77 percent to SR14.85.

Cherry Trading Co. announced that it signed a vehicle leasing contract valued at SR30.2 million with the Saudi Food and Drug Authority.

The contract includes the leasing of 275 vehicles for a period of 36 months, in a manner that meets the needs of the contracting party in accordance with the highest standards of quality and efficiency, the company said in a press statement.

Cherry Trading Co. added that the financial impact of the contract will be reflected in the third quarter of this year, with no related parties involved in the deal.

The share price of Cherry Trading Co. edged down by 0.16 percent to SR25.40.

Arab News