Saudi Tadawul Index Declines as Market Activity Shows Mixed Results
Benchmark index drops 0.78 percent while parallel market Nomu records gains.
1Benchmark Index Market Performance
The Tadawul All Share Index experienced a decline during Sunday's trading session, dropping 78.50 points to settle at 10,016.92. This represents a 0.78 percent decrease for the benchmark. Trading turnover reached SR2.74 billion, equivalent to $730 million, with 140 stocks advancing while 119 stocks recorded declines across the exchange.
2Nomu Market Divergent Trend
In contrast to the main index, the parallel market Nomu moved upward during the session. It gained 81.54 points, marking a 0.38 percent increase to close at 21,741.82. Market breadth was positive within this segment, as 40 listed stocks advanced in value while only 20 stocks faced a decline.
3Top Gainers and Losers
Naseej International Trading Co. led the market gainers with a 10 percent surge to SR11.44. Middle East Healthcare Co. followed with a 9.98 percent increase. Conversely, Filing and Packing Materials Manufacturing Co. suffered the largest loss, falling 6.55 percent to SR36.50, followed by Specialized Medical Co. and Raydan Food Co.
4Etihad GO Telecom Results
Etihad GO Telecom reported a 10 percent year-on-year rise in net profit, reaching SR140 million for the first nine months of 2026. This growth was driven by a SR203 million revenue increase, despite a SR169 million rise in costs. The company credited its strategic expansion and business development for these results.
5Arabian Drilling Earnings Report
Arabian Drilling Co. disclosed a 90 percent year-on-year decline in net profit, totaling SR6.9 million for the nine months ending September 30. The drop was attributed to lower revenue figures. Despite this significant earnings contraction, the company's shares defied the trend, gaining 5.55 percent to close at SR93.20 per share.
6Operational Efficiency and Costs
Arabian Drilling managed to partially offset its revenue decline through specific operational measures. The company implemented rig move efficiencies and cost optimization initiatives to mitigate financial pressure. Additionally, general and administrative expenses were reduced during the period, helping to stabilize the bottom line despite the sharp drop in net profit.
7Broader Market Indices Movement
The MSCI Tadawul Index also tracked the downward movement of the main benchmark, shedding 8.36 points. This resulted in a 0.61 percent decline, settling the index at 1,367.28. The movement reflects the broader sentiment across the Saudi exchange, where institutional and retail investors balanced gains in select stocks against index-wide losses.
8Market Outlook and Context
The mixed performance across the Tadawul and Nomu indices highlights the current volatility within the Saudi market. Investors are closely monitoring individual corporate filings, such as those from Etihad GO Telecom and Arabian Drilling, to gauge sector-specific health. Future market direction will likely depend on continued revenue growth and cost management.
Original article: Arab News — Saudi Tadawul Index Declines as Market Activity Shows Mixed Results