Tadawul Gains pushed Saudi Arabia’s main stock index to a three-week closing high on Tuesday. The benchmark climbed 61.38 points, or 0.61 percent, to finish at 10,168.10. This marked its strongest closing level since October 19, reflecting broad advances across the market.
Trading activity remained substantial throughout the session, with investors exchanging approximately 292.2 million shares. Their combined value reached nearly SR4.91 billion, equivalent to around $1.31 billion. Meanwhile, 232 listed companies recorded gains, while only 31 ended the day lower.
The Nomu parallel market also finished higher, adding 167.02 points, or 0.77 percent. It closed at 21,853.59, with 41 stocks advancing against 26 declining. Additionally, the MSCI Tadawul 30 Index gained 4.18 points, representing a 0.3 percent increase. It ended the session at 1,379.37.
Market movers
United Wire Factories Company, commonly known as Aslak, recorded the strongest performance among listed companies. Its shares jumped 9.97 percent, closing at SR18.86. Retal Urban Development followed closely, rising 9.96 percent to SR7.51. Mutakamela Insurance also advanced 9.5 percent, reaching SR9.80.
However, several companies experienced declines during the trading session. Saudi Manpower Solutions recorded the steepest drop, losing 5.22 percent to close at SR4.72. Saudi Energy shares fell 2.64 percent to SR15.13. Al-Hammadi Holding also declined 2.57 percent, finishing at SR21.63.
Corporate announcements
Aljazira Bank announced plans to redeem its entire SR2 billion Tier 2 sukuk on December 8, 2026. The bank will repay investors at face value, following the necessary regulatory approval. It will also pay any accrued and unpaid periodic distributions to eligible holders.
The sukuk originally launched on December 8, 2021, with a maturity date scheduled for December 8, 2031. However, the bank intends to exercise its redemption option after the instrument’s fifth year. Aljazira Bank shares slipped 0.09 percent during Tuesday’s session, closing at SR10.88.
Meanwhile, MBC Group reported a net loss of SR509.8 million for the first nine months of 2026. The company recorded a net profit of SR402.6 million during the same period last year. Its revenue also declined 22.8 percent, reaching SR2.96 billion.
MBC attributed the weaker results partly to reduced advertising demand amid geopolitical tensions. The conclusion of broadcasting and technical services contracts also affected its performance. Revenue from Broadcasting and Other Commercial Activities fell by SR765 million. Additionally, Media and Entertainment Initiatives revenue declined by SR273 million.
However, Shahid’s streaming platform provided some support through higher subscriber revenue. Its revenue increased by SR161 million during the reporting period. Nevertheless, unrealised fair-value losses on investments primarily contributed to the group’s overall net loss. MBC shares fell 0.87 percent, closing at SR17.11.
Scientific and Medical Equipment House Company secured a five-year contract worth SR39.4 million. The agreement covers maintenance, cleaning and non-medical operations at King Salman Center for Kidney Diseases in Riyadh. Riyadh Second Health Cluster awarded the contract, which includes value-added tax.
The agreement will run for 60 months after the company receives the site following contract signing. Equipment House expects to reflect the financial impact in its results once operations begin. Its shares gained 2.84 percent, reaching SR27.50.
Aslak also announced a cash dividend distribution worth SR28.08 million. Shareholders will receive SR1 per share, equivalent to 10 percent of nominal share value. The distribution includes SR0.58 from retained earnings through the fourth quarter of 2025. The remaining SR0.42 covers the first nine months of 2026.
Shareholders registered by November 15 will qualify for the dividend payment. The company scheduled distribution for November 30, following its board’s November 9 decision.
Finally, Saudi Exchange approved Morgan Stanley Saudi Arabia to conduct market-making activities for Gulf General Cooperative Insurance. The approval takes effect on November 11. The market maker must maintain orders for at least half of trading time. It must also meet a minimum order size of SR50,000 and keep bid-ask spreads within two percent.
Overall, Tadawul Gains reflected a positive trading session, supported by advances across several market segments. However, corporate disclosures showed mixed financial results and investment developments among listed companies.
