Saudi main index edges lower to close at 9,838

By the Editorial Team · Monday, November 2, 2026

Saudi Arabia’s Tadawul All Share Index dropped by 0.84 percent to close at 9,838.28 points, with 220 stocks declining and notable losses in pharmaceutical and utility sectors, while the parallel Nomu market gained 0.75 percent. Emaar reported a 26 percent increase in its net loss for the first nine months of 2026 due to lower revenue and higher legal costs, whereas Amlak International Finance posted a 14.75 percent rise in net profit, reflecting improved commission income and reduced financing expenses.

Saudi Arabia’s Tadawul All Share Index declined on Sunday, closing at 9,838.28 points after losing 83.22 points, or 0.84 percent. The trading session saw a turnover of 3.1 billion Saudi riyals ($827 million), with 220 stocks retreating against 44 advancing.

In contrast, the Kingdom’s parallel market, Nomu, posted gains, rising 161.75 points, or 0.75 percent, to finish at 21,636.11. Within Nomu, 34 stocks recorded advances while 30 declined. The MSCI Tadawul Index also fell, losing 6.40 points, or 0.48 percent, to close at 1,333.99.

Among the leading performers on the main market was Elm Co., which surged 9 percent to close at 611.50 riyals per share. BiniDawood Holding Co. followed with a 5.43 percent increase, ending at 4.85 riyals, while Sumou Real Estate Co. rose 4.72 percent to 24.40 riyals.

On the downside, Saudi Pharmaceutical Industries and Medical Appliances Corp. experienced the steepest decline, dropping 9.99 percent to 24.68 riyals. Aljouf Corp. and the Power and Water Utility Co. for Jubail and Yanbu also posted notable losses, falling 9.91 percent to 23.26 riyals and 8.38 percent to 40.22 riyals, respectively.

In corporate earnings announcements, Emaar, the Economic City, reported a net loss of 441 million riyals for the first nine months of 2026, marking a 26 percent increase compared with the same period last year. The company attributed the wider loss primarily to a decrease in revenue and a rise in legal provisions. Emaar’s 2025 results had been positively impacted by a one-time gain from reduced long-term financing costs following a successful debt restructuring. Shares in Emaar closed down 4.65 percent at 8.10 riyals.

Meanwhile, Amlak International Finance Co. disclosed a net profit of 56.8 million riyals for the first nine months of 2026, up 14.75 percent year-on-year. The improvement was driven by higher income from special commissions on finance and lower financing costs, partially offset by increased operating expenses and provisions for expected credit losses. Amlak’s shares edged up 0.24 percent to close at 8.33 riyals.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.