https://arab.news/rkk6p
RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index started the week at 11,314.64, down 28.53 points, or 0.25 percent.
The index opened at 11,299.58 and remained under pressure throughout the day, with 100 gainers against 159 losers.
The parallel market NomuC outperformed, rising 128.68 points, or 0.57 percent, to finish at 22,800.07, while the MT30 index fell 0.31 percent to 1,525.52.
Among the session’s top gainers, Methanol Chemicals Co. rose 7.37 percent to close at SR9.18.
Saudi Industrial Investment Group advanced 6.80 percent to SR14.44, while Alujain Corp. gained 4.09 percent to SR27.98. Saudi Industrial Export Co. increased 3.90 percent to SR2.40, and Arabian Drilling Co. climbed 3.80 percent to SR84.65.
On the downside, Fourth Milling Co. declined 3.85 percent to SR3.75. Saleh Abdulaziz AlRashed & Sons Co. fell 3.23 percent to SR60.00, while Sports Club Co. dropped 2.97 percent to SR6.54.
Thob Al Aseel Co. decreased 2.95 percent to SR3.62, and Al Majed Oud Co. recorded a 2.90 percent loss to close at SR157.30.
On the announcement front, Al Moammar Information Systems Co. disclosed the receipt of a purchase order from the Ministry of Education valued at SR114.5 million, inclusive of VAT.
The company stated that the contract reflects continued demand for its technology solutions in the public sector, with the financial impact expected to be reflected in upcoming results.
Al Moammar Information Systems Co. closed up 1.32 percent at SR168.80, gaining SR2.20 on the day.
Advanced Petrochemical Co. reported its estimated financial results for the three-month period ended March 31, 2026.
The company posted sales of SR1.07 billion, up 75.7 percent year on year, driven by a 94 percent increase in sales volumes following the commencement of operations at Advanced Polyolefins Industry Co. in the third quarter of 2025.
However, net profit declined 58.3 percent year on year to SR30 million, which the company attributed to higher depreciation, fixed costs, and financial charges associated with the new operations, alongside lower propane prices.
On a quarterly basis, revenue declined 7.9 percent, while net profit rose significantly compared to the previous quarter, supported by lower financing costs and reduced selling, general and administrative expenses, as well as a gain on the disposal of an investment following a share swap transaction with SK Gas Petrochemical Pte. Ltd.
Shares of Advanced Petrochemical Co. rose 1.98 percent on the day to close at SR27.84.