Arab News | Closing Bell: Saudi main index closes in green at 10,878
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 13.89 points, or 0.13 percent, to close at 10,878.46.
The total trading turnover of the benchmark index was SR4.19 billion ($1.12 billion), as 78 of the listed stocks advanced, while 182 retreated.
The MT30 Index also rose, gaining 1.38 points, or 0.09 percent, to close at 1,460.13.
The Kingdom’s parallel market Nomu slipped 78.28 points or 0.36 percent to close at 21,500.91. This comes as 25 of the listed stocks advanced, while 46 retreated.
Top performers
The best-performing stock was Saudi Arabia Refineries Co., surging by 9.98 percent to close at SR58.95.
Other top performers included Wafrah for Industry and Development Co., which saw its share price rise by 6.25 percent to SR22.77, and Mutakamela Insurance Co., up 4.72 percent to SR13.32.
Worst performers
On the downside, the worst performer of the day was Riyadh Cement Co., whose share price fell by 4.91 percent to SR22.46.
Armah Sports Co. and Advanced Building Industries Co. also saw declines, with their shares dropping by 4.18 percent and 3.66 percent to SR68.85 and SR27.34, respectively.
Arabian Drilling signs 8 more land rigs
On the announcement front, Arabian Drilling Co. announced the signing of a new five-year contract with SLB for the provision of eight additional land rigs for Gas LSTK operations.
The agreement adds approximately SR2 billion to the company’s backlog, following its previously announced five-year contract with SLB covering 11 existing land rigs.
Together, the two contracts add approximately SR5 billion to backlog, taking Arabian Drilling’s total backlog to a record SR16 billion, the highest in its history, and constituting the largest Gas LSTK commitment ever secured by the Company.
The financial impact of the new contract is expected to begin reflecting on the company’s results starting from the final quarter of 2026.
Arabian Drilling Co.’s shares rose 2.99 percent to close at SR96.35.