Saudi Index Dips 0.35% on Tuesday
Saudi Arabia's Tadawul All Share Index closed lower on Tuesday, June 23, 2026, losing 38.41 points, or 0.35 percent, to settle at 11,033.99. The total trading turnover for the benchmark index reached SR4.03 billion ($1.07 billion), with 42 stocks advancing and 215 retreating.
MSCI Tadawul and Parallel Market Also Decline
The MSCI Tadawul Index fell 2.54 points, or 0.17 percent, to close at 1,476.87. Saudi Arabia's parallel market, Nomu, lost 228.32 points, or 0.98 percent, ending at 22,998.68. On Nomu, 19 stocks advanced while 33 declined.
Top Performers: Saudi Fisheries Leads Gains
The best-performing stock on Tuesday was Saudi Fisheries Co., with its share price surging 9.93 percent to SR54.35. Other notable gainers included Development Works Food Co., which rose 5.20 percent to SR100.10, and Ash-Sharqiyah Development Co., whose stock gained 5.04 percent to SR13.34.
Worst Performers: Consolidated Grunenfelder Saady Holding Tumbles
On the downside, Consolidated Grunenfelder Saady Holding Co. was the weakest performer, with its share price falling 9.94 percent to SR6.98. Arabian Pipes Co. declined 5.70 percent to SR6.95, while Sustained Infrastructure Holding Co. dropped 4.57 percent to SR34.26.
Corporate News: Qomel Signs SR214.2 Million Supply Agreements
In corporate disclosures, Qomel Co. announced it signed two agreements with the National Unified Procurement Co. for Medicines, Medical Devices and Supplies to supply medicines on demand and provide related services. The combined value of the contracts is SR214.2 million, with the first contract worth SR111.3 million and the second valued at SR102.9 million.
According to a Tadawul statement, the first contract spans 1,033 days, while the second runs for 816 days. The company expects the financial impact of both agreements to be reflected positively in its financial statements beginning in the second half of 2026. Qomel Co.'s share price rose 6.38 percent on the parallel market to SR50.
