Saudi Stocks Drop as Tadawul All Share Index Falls Over 1 Percent

Riyadh, Saudi Arabia – Saudi Arabia’s stock market fell sharply on Tuesday, with the Tadawul All Share Index closing down 108.14 points, or 1.03 percent, at 10,381.51. The broader decline was mirrored across major indices, reflecting widespread weakness in trading.

The MSCI Tadawul 30 Index slipped 0.78 percent to 1,378.00, while Nomu, the parallel market index, fell 1 percent to 23,040.79. Market breadth on the main board was strongly negative, with 237 stocks declining compared to just 24 gainers. Trading activity remained robust, with 164.7 million shares changing hands and a total traded value of SR3.19 billion ($850.6 million).

Among the gainers, SEDCO Capital REIT Fund led, rising 2.73 percent to SR6.77. Chubb Arabia Cooperative Insurance Co. gained 2.69 percent to SR20.20, followed by National Medical Care Co., which added 1.72 percent to close at SR141.60. Alyamamah Steel Industries Co. and Thimar Advertising, Public Relations and Marketing Co. advanced 1.57 percent and 1.13 percent, respectively.

Declines were led by Al Masar Al Shamil Education Co., which tumbled 8.36 percent to SR24.65. Raoom Trading Co. fell 6.75 percent to SR64.20, while Alkhaleej Training and Education Co. dropped 6.60 percent to SR18.12. Naqi Water Co. declined 5.51 percent to SR54.00, and Gulf General Cooperative Insurance Co. closed 5.44 percent lower at SR3.65.

Corporate announcements partially influenced market movements. Chubb Arabia Cooperative Insurance Co. signed a multiyear insurance agreement with Saudi Electricity Co. to provide a range of coverages. The deal, expected to benefit the company’s financial results over the 2025–2026 period, will run for three years and two months and falls within the company’s normal course of business.

Bupa Arabia for Cooperative Insurance Co. also announced a one-year health insurance contract with Saudi National Bank valued at SR330.2 million. The agreement covers the bank’s employees and their families from January 2026. Despite the sizable contract, Bupa Arabia shares fell 0.8 percent to SR137, pressured by the broader market decline.

United Cooperative Assurance Co. revealed an extension of its engineering insurance agreement with Saudi Binladin Group for the Grand Mosque expansion in Makkah. The contract, worth more than 20 percent of the company’s gross written premiums based on its latest audited financials, is expected to support results through 2026. Nevertheless, the stock ended the session down 4.51 percent at SR3.39 amid broader selling pressure.

The overall market slump on Tuesday highlights ongoing investor caution as corporate news competes with broader market sentiment. Analysts note that while individual contracts and deals provide positive fundamentals for certain companies, market-wide weakness continues to influence trading activity and stock performance.