RIYADH: Saudi stocks closed higher on Tuesday, with the Tadawul All-Share Index gaining 43.59 points (0.41%) to end at 10,595.85, supported by broad-based buying and solid performance in selected mid-cap stocks.
Market breadth was strong, with 170 advancers compared to 90 advancers, with 161.96 million shares bought and sold in trading activity, generating a total of R3.39 billion.
Meanwhile, the MT30 index rose 6.52 points (0.47%) to close at 1,399.11, while the Nomu Parallel Market Index fell slightly, dropping 3.33 points (0.01%) to 23,267.77.
Among the session's top gainers, Al Masar Al Shamil Education Company jumped 9.99% to close at SAR 26.20, while Saudi Cable Company also rose 9.98% to SAR 147.70.
Cherry Trading rose 4.18% to 25.44 riyals, while United Carton Industries rose 4.09% to 26.46 riyals.
Al Yamah Steel Industries also recorded solid gains, rising by 4.07% to end at SAR 32.70.
On the downside, Emaar The Economic City led the losses, down 3.55% to 10.32SR. This was followed by Delaya REIT Fund, which fell 2.92% to 5.31SR.
Deraya Financial fell 2.13% to 26.62 riyals, United International Holding fell 1.96% to 155.20 riyals and Gulf Union Araria Cooperative Insurance fell 1.92% to 10.70 riyals.
On the announcement front, Red Sea International Ltd. said it has signed a R202.8 million contract with Webbuild SPA to provide integrated facilities management services for Neom's Troyena project.
The contract includes the operation and maintenance of the project's main camp and spike camp, including accommodation and housekeeping, catering, security, IT and communications, utilities, waste management, fire protection and emergency response, and other support services.
The term of the agreement is two years, with financial impact expected to begin in the first quarter of 2026. Red Sea International's share price increased by 0.99% to end at SR34.74.
Al Moammar Information Systems Co. said it has received an award notification from Humane to design and build a data center dedicated to artificial intelligence technology, with a total value including VAT exceeding 155 percent of the company's 2024 revenue.
The agreement is expected to be formally signed in February 2026, highlighting the scale of the project and its potential impact on the company's future revenues.
MIS stock closed 2.82% higher at SR156.70, reflecting positive investor sentiment following the announcement.
