Saudi stocks extend rally with 2.3% gain

By the Editorial Team · Wednesday, October 28, 2026

Saudi Arabia’s Tadawul All Share Index rose 2.30 percent, closing near 9,986, driven by broad market gains and increased trading volume. This upward momentum highlights investor confidence as companies like Al-Moammar Information Systems secure significant contracts, while others prepare for upcoming cost pressures from tariff hikes.

Saudi Arabia’s stock market extended its recent gains on Tuesday, with the Tadawul All Share Index rising for the second consecutive session. The index added 224.67 points, or 2.30 percent, closing at 9,986.45. Trading volume exceeded 441 million shares, valued at approximately SR7.16 billion ($1.91 billion). Among the 267 stocks traded, 237 advanced while 30 declined.

The parallel Nomu market also saw positive momentum, increasing by 325.66 points, or 1.54 percent, to finish at 21,537.38. The MSCI Tadawul 30 Index gained 29.14 points, or 2.20 percent, closing at 1,353.62.

On the individual stock level, BinDawood Holding Co. led the gainers with a 10 percent jump to SR4.40 per share. Other notable performers included Qassim Cement Co., Saudi Ceramic Co., and Almar Foods Co., each rising 9.99 percent to close at SR46.70, SR20.81, and SR39.40, respectively.

Conversely, National Co. for Learning and Education registered the steepest decline, slipping 6.48 percent to SR108.20. Nahdi Medical Co. and Arabian Cement Co. also recorded losses, falling 4.82 percent to SR82.90 and 4.56 percent to SR17.99, respectively.

In corporate developments, Al-Moammar Information Systems Co. (MIS) announced the signing of a SR134.84 million framework agreement with the Saudi Data and Artificial Intelligence Authority (SDAIA), inclusive of value-added tax. The contract, spanning 36 months, covers the supply of network and workstation equipment, biometric devices, portable biometric enrollment tools, video communication hardware, and associated warranty services. Deliveries will be made across various SDAIA warehouses and branches nationwide. MIS indicated that the financial effects of this agreement are anticipated to impact its results in the fourth quarter of 2026. Following the announcement, MIS shares rose 5.65 percent to SR269.40.

Separately, Al-Omran Industrial Trading Co. reported it is evaluating the impact of increased electricity and water tariffs on its operating costs. The tariff changes, set to take effect from January 1, 2027, are expected to raise production and sales expenses. The company plans to disclose the final financial outcome in its 2027 financial statements after the new rates are implemented. Al-Omran shares advanced 5.20 percent to settle at SR16.40.

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.