Business · Markets · 12 hrs ago
Saudi main stock index closes above 10,000 as shares rise
Saudi Arabia’s main stock index, the Tadawul All Share Index, rose 0.37% on Wednesday to close at 10,023.47.
The move took it above the 10,000 mark, while the Nomu parallel market fell 1.22%.
More shares rose than fell on the main market, with 208 companies advancing and 55 declining.
Among company announcements, Saudi utility firm Acwa signed an agreement with Dubai Electricity and Water Authority to develop a desalination plant in Dubai.
The project is valued at $478 million and will produce about 272,000 cubic meters of water daily.
Acwa will hold a 40% stake and develop, finance, build and operate the plant under a 30-year agreement.
The project’s financial impact is expected from 2030, according to Acwa.
Saudi Arabia’s Tadawul All Share Index rose 37.02 points, or 0.37 percent, on Wednesday to close at 10,023.47.
Trading totaled more than 348 million shares worth around SR5.22 billion ($1.39 billion).
Shares in 208 companies advanced, while 55 declined.
The Nomu parallel market fell 1.22 percent to close at 21,273.73.
BinDawood Holding led the gainers, rising 10 percent to SR4.84.
- Who
- Saudi Arabia’s Tadawul All Share Index and companies traded on the Saudi market.
- What
- The index rose 0.37 percent and closed above 10,000.
- When
- Wednesday. The article was published on October 28, 2026.
- Where
- Saudi Arabia’s Tadawul stock market.
- Why
- Not stated
This story does not have two clearly opposing sides.
SASCO said it had received SR13.02 million in compensation for a property expropriation.
Ownership of a property owned by SASCO subsidiary Naft in Jeddah was transferred following its expropriation.
The Tadawul All Share Index rose 37.02 points to close at 10,023.47.
- Tadawul closing level
- 10,023.47
- Index change
- Up 37.02 points, or 0.37 percent
- Trading value
- Around SR5.22 billion ($1.39 billion)
- Advancing companies
- 208
- Declining companies
- 55
- Gainer leader
- BinDawood Holding rose 10 percent to SR4.84