Saudi stocks ended Wednesday’s session lower, as the Tadawul decline reflected broad weakness across the main market. The Tadawul All Share Index lost 25.44 points, representing a 0.26 percent decrease, to finish at 9,926.62.
Investors traded approximately 262.3 million shares during the session, with total turnover reaching SR4.13 billion, equivalent to around $1.10 billion. However, market breadth remained negative, as only 60 listed companies advanced while 207 stocks finished lower.
The Nomu parallel market also recorded losses, falling 270.67 points, or 1.24 percent, to close at 21,596.05. Meanwhile, 22 Nomu-listed stocks gained ground, compared with 42 that declined. The MSCI Tadawul 30 Index slipped 1.04 points, or 0.08 percent, ending the day at 1,342.14.
Morabaha Marina Financing Co. recorded the strongest performance among the main market’s gainers, rising 9.48 percent to SR7.85. Saudi Kayan Petrochemical Co. followed with a 6.37 percent increase, closing at SR4.84. Additionally, Arabian Contracting Services Co. advanced 6.23 percent to finish at SR40.58.
On the other hand, Ladun Investment Co. suffered the steepest decline, dropping 8.54 percent to SR1.82. Watani Iron Steel Co. lost 7.02 percent, ending at SR2.78, while Gas Arabian Services Co. fell 6.56 percent to SR13.54.
Among corporate announcements, Scientific and Medical Equipment House Co. secured a contract worth SR23.69 million. The agreement covers maintenance and repair services for medical devices and equipment at King Fahad Specialist Hospital in Dammam.
The Eastern Health Cluster awarded the 12-month contract through Health Holding Co. The project period will begin once the company receives the site, and the announced value includes value-added tax. Furthermore, the company expects the contract to start affecting its financial results during the fourth quarter of 2026.
Shares in Scientific and Medical Equipment House rose 3.41 percent to SR26.68. The company also said it would announce the formal signing after completing the required procedures and receiving a copy signed by both parties.
Meanwhile, Salama Cooperative Insurance Co. received regulatory approval to market a civil liability insurance product for corporate customers. The policy covers populated areas and activities classified as high-risk within Saudi Arabia. Salama received the approval on October 19 and announced it on Wednesday.
Despite the approval, the company did not provide projected revenue or details about the product’s expected financial contribution. Its shares slipped 0.45 percent to close at SR6.63.
Purity Information Technology Co. also announced a distribution to eligible shareholders following its recent capital increase. The company will deposit SR2,579.19 into eligible accounts on October 21, using proceeds from selling fractional shares.
Purity sold 149 fractional shares at an average price of SR17.31 each after issuing one bonus share for every three shares held. Following shareholder approval, Gulf International Bank will transfer the proceeds into bank accounts linked to eligible investment portfolios. Purity shares declined 2.38 percent to SR15.97.
Elsewhere, Saudi Top Trading Co. began commercial operations at its West Coast factory inside Petro Rabigh’s Plastic Tech Park. The company expects the facility to generate annual sales between SR40 million and SR50 million during its current operating phase.
The 50,000-square-meter facility manufactures woven polypropylene fabrics, plastic yarns for woven bags, polyethylene terephthalate pellets, and plastic pallets. Saudi Top Trading shares gained 4.87 percent, closing at SR10.77.
Overall, Wednesday’s Tadawul decline accompanied widespread losses across the main and parallel markets. Nevertheless, selected company announcements and individual stock gains provided some positive developments amid the broader market weakness.
