02/04/2026 05:02 AST
Saudi Arabia's Tadawul All Share Index closed higher, gaining 26.36 points, or 0.23 percent, to finish at 11,275.90.
The MSCI Tadawul 30 Index also advanced, rising 0.22 percent to 1,517.13, while the parallel market index Nomu declined 0.69 percent to close at 22,548.18, indicating mixed sentiment across market segments.
Market breadth was positive on the main index, with 166 gainers compared to 84 decliners. TASI's value traded reached SR6.57 billion ($1.7 billion).
Among the session's top performers, Middle East Specialized Cables Co. rose 9.98 percent to SR25.46.
Emaar The Economic City gained 9.96 percent to SR10.71, while Saudi Public Transport Co. advanced 9.94 percent to SR11.94.
Miahona Co. added 8.86 percent to SR16.84, and Tanmiah Food Co. climbed 6.38 percent to SR58.40.
On the downside, Saudi Cable Co. recorded the steepest decline, falling 8 percent to SR156.40.
Advanced Building Industries Co. dropped 6.68 percent to SR36.02, while Kingdom Holding Co. declined 4.79 percent to SR9.93.
Malath Cooperative Insurance Co. slipped 4.67 percent to SR9.18, and Al Kathiri Holding Co. fell 3.98 percent to SR1.93.
In its quarterly report, Tadawul stated a decline in market performance during the first quarter of 2026, with the TASI closing at 11,249.54 points, down 775.51 points, or 6.45 percent, compared with the same period a year earlier.
The index reached its highest closing level of the quarter at 11,458.11 points on Jan. 28.
Total equity market capitalization stood at SR9,85 billion at the end of the quarter, marking a 0.60 percent decrease year on year.
Trading activity also declined in value terms, with the total value of shares traded reaching SR291.07 billion, down 19.72 percent compared with the first quarter of 2025.
In contrast, trading volumes increased during the period, with a total of 14.32 billion shares traded, up 8.14 percent from 13.24 billion shares in the same period last year.
However, the number of executed transactions fell to 25.10 million, compared with 28.33 million trades in the first quarter of 2025, representing a 11.37 percent decline.
On the announcement front, Taqat Mineral Trading Co. said its accumulated losses have reached 24.80 percent of its capital as of Dec. 31. coinciding with the release of its annual financial results.
The company reported total accumulated losses of SR30.22 million, attributing the increase to higher raw material costs, particularly scrap iron, alongside increased operating and administrative expenses and non-cash losses related to higher asset provisions.
The company stated that regulatory procedures applicable to listed companies with accumulated losses exceeding 20 percent of capital will be implemented. Taqat shares last traded at SR12, down 0.83 percent.
Arab News
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