• Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
Saudi Business News
Friday, May 9
06:22
25 °c
Riyadh
No Result
View All Result
Saudi Business News
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
No Result
View All Result
Saudi Business News
No Result
View All Result

HomeFinanceSaudi Stock Market Sees Minor Dip

Saudi Stock Market Sees Minor Dip

Tadawul Index down, key financial updates and top performers

January 21, 2025
in Finance
Reading Time: 1 min read
152
SHARES
1.9k
VIEWS
Share on FacebookShare on XShare on LinkedInShare on Telegram

The Saudi stock market saw a slight dip as the Tadawul All Share Index decreased by 0.08%, closing at 12,369.63. Trading volume reached SR6.92 billion, with 133 stocks rising and 97 falling.

In the parallel market, Nomu dropped 27 points to 31,317.97, while the MSCI Tadawul Index declined by 0.17% to 1,549.08.

RelatedPosts

Bank Guarantee Reform Boosts Saudi Financial Sector

Saudi Arabia Leads Islamic Finance Growth in 2025

Saudi Stock Market Gains Driven by Key Sectors

Top Performers and Decliners

Rasan Information Technology Co. led the gains on the main market, surging 9.99% to SR88.10. Saudi Cable Co. and Walaa Cooperative Insurance Co. also saw significant increases, up 9.97% and 6.24%, respectively. However, ACWA Power Co. faced a setback, with shares falling 3.49% to SR420.

Notable Announcements

Al Jouf Cement Co. signed a SR38 million contract with Mohammed Shahi Al-Ruwaili Contracting to export cement and clinker to Syria. The agreement, effective from February 2025 to February 2026, will impact financial results starting the first quarter of 2025. Al Jouf’s share price increased by 1.42% to SR11.46.

Scientific and Medical Equipment House Co., known as Equipment House, secured a SR105.07 million contract for maintaining medical equipment in hospitals under the Riyadh First Health Cluster, including King Salman Hospital and others. This contract will affect financials from the second quarter of this year, with shares edging up 0.19% to SR52.20.

Financial Results

Aldrees Petroleum and Transport Services Co. reported a net profit of SR338 million for 2024, a 20.37% increase due to a 30% rise in revenues from petrol and transport sales. The company announced a recommended cash dividend of SR1.5 per share, with shares rising 4.20% to SR129.

Tags: financial resultsmarket performanceSaudi stocksTadawul IndexTop Performers
Share61Tweet38Share11Share

© 2025 Copyright, Saudi Business News

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line

© 2025 Copyright, Saudi Business News

Go to mobile version