Closing Bell: Saudi stock market rises 3.4%
- Saudi Arabia's Tadawul All Share Index surged by 3.43%, closing at 9,761.78 points after gaining 323.28 points on Monday.
- Trading volume exceeded 342 million shares, valued at approximately SR5.18 billion ($1.38 billion), with 259 companies rising and only eight declining.
- Flynas Co. was the top gainer, increasing by 10% to close at SR40.04, followed closely by Saudi Fisheries Co. and Red Sea International Co., each rising nearly 10%.
- Saudi Tadawul Group Holding Co. reported a 34.6% drop in net profit to SR195.8 million for the first nine months of 2026, attributed to lower revenue from capital markets and post-trade segments.
- Umm Al Qura for Development and Construction Co. sold a plot of land in Makkah for SR139 million, signaling positive liquidity impacts for the company.
- Electrical Industries Co. announced a SR150 million project to build the first factory for power transformer tanks and radiators in Saudi Arabia, expected to start construction in Q1 2027.
