Saudi Arabia’s main stock index falls 2.65 percent to its lowest close since 2021
Saudi Arabia’s Tadawul All Share Index fell 2.65 percent on October 25, closing at 9,438.50. The decline extended its October losses and brought the benchmark to its lowest close since 2021. Heavyweight banks and industrial shares retreated, while a smaller group of stocks advanced. Trading turnover reached roughly 4.3 billion riyals.
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October losses deepen
Saudi Arabia’s Tadawul All Share Index, the main benchmark for shares listed in the kingdom, lost 257.36 points on October 25. The 2.65 percent decline left it at 9,438.50, its lowest close since 2021. Trading turnover was roughly 4.3 billion Saudi riyals. The session extended the index’s October decline to more than 1,000 points, or 9.6 percent.[1], [2]
Banks and industrial shares retreat
Saudi Aramco, the oil producer, fell 0.87 percent to 25.18 riyals. Al Rajhi Bank lost 2.84 percent to 58.10 riyals, while Saudi National Bank declined 1.50 percent to 34.10. Chemical producer SABIC finished 1.65 percent lower at 43 riyals. Astra Industrial dropped 8.09 percent to 104.50 riyals and ACWA fell 6 percent to 141. East Pipes, trading without dividend entitlement, lost 8.67 percent to 149.50 riyals.[1]
A smaller group of shares advances
Watani Steel gained 6.37 percent to 2.67 riyals, with approximately 48 million shares traded. Al Aziziah REIT, a property investment fund, rose 2.99 percent to 3.79 riyals. Healthcare group Sulaiman Al Habib added 1.48 percent to 213 riyals. Among the largest decliners, Halwani Brothers lost 10 percent to 22.14 riyals, Raoom fell 9.99 percent to 67.10, and Saudi Enaya declined 9.98 percent to 8.12.[1]