The Saudi stock market saw a notable decline, with the main index dropping 1.49 percent to close at 10,840.94. Trading activity was subdued, as only a handful of stocks gained while the majority lost ground.
The parallel Nomu market also faced losses, ending 1.56 percent lower. Most stocks on both indices finished in the red, reflecting cautious investor sentiment.
Among top performers, SEDCO Capital REIT Fund led gains, followed by Fawaz Abdulaziz Alhokair Co. and Tihama Advertising and Public Relations Co. In contrast, Al-Omran Industrial Trading Co., AYYAN Investment Co., and Al Taiseer Group Talco Industrial Co. experienced the steepest declines.
In corporate news, Saudi National Bank revealed plans to issue US dollar-denominated notes aimed at strengthening its capital and supporting growth. Several international banks have been appointed to manage the offering, which will target qualified investors both locally and abroad. The final terms will depend on market conditions.
Additionally, Yaqeen Capital completed the sale of fractional shares from a recent capital increase, distributing proceeds to eligible shareholders.