TASI Edges Higher As Nomu Slides On Wednesday
TASI rose 0.37% on Wednesday while Nomu fell 1.22%, with a split performance beneath a SAR 5.22 billion Main Market session.
Saudi equities split on Wednesday. The Tadawul All Share Index added 0.37% while Nomu fell 1.22%, and underneath that flat headline 195 of the 254 Main Market stocks rose.
The TASI opened at 10,036.26, reached 10,041.76 and dipped to 9,849.57 before closing at 10,023.47, up 37.02 points or 0.37%. Main Market turnover was SAR 5.22 billion, about $1.39 billion, across 540,771 trades. The index closed 18.29 points below its intraday high. More than 348 million shares changed hands. TASI closed above the 10,000 level for a second session.
Among Main Market shares, BinDawood and AICC each gained 10%, while Miahona added 9.91%, Nahdi rose 9.77% and SRMG gained 9.14%. On the other side, Qassim Cement fell 5.48%, Saudi Vitrified Clay Pipes lost 4.83%, and Watani Steel declined 4.11%. The other 49 Main Market stocks fell and 10 were unchanged, and three closed at the 10% limit, so the advance was wide rather than uniform.
Nomu moved lower. The Nomu Parallel Market Capped Index closed at 21,273.73, down 263.65 points or 1.22%, on turnover of SAR 24.15 million, roughly $6.44 million. NAF led the board at 9.60%, followed by Dar Almarkabah at 9.52%; at the other end Alfakhera dropped 17.99% and Lana fell 16.93%. Of the 122 stocks on the board, 32 rose and 32 fell.
Two dividend notices with dates attached: National Company for Learning and Education declared SAR 2.50 per share (about $0.67) on October 26, and Dr. Sulaiman Al Habib Medical Services Group declared SAR 1.37 per share (about $0.37) on October 25, with an October 29 eligibility date.
Sources
Saudi Exchange end-of-day market data for October 26, 27 and 28, 2026, which supplies the index closes, turnover, volume and every per-share figure in this issue. Saudi Exchange dividend announcements dated October 25 and 26, 2026. Percentages spanning more than one session are our arithmetic on the official closes above.
Company Of The Day
Jarir Marketing (4190) is the retailer most Saudi households already know by its storefront name, Jarir Bookstore, which sells consumer electronics, computers, books, office supplies and school materials through a chain of large stores across Saudi Arabia and the wider Gulf, alongside an online business. It trades on the TASI Main Market in the consumer discretionary sector, so its results follow household spending rather than oil, which makes it a useful counterweight to the energy and materials names that dominate the index. Wednesday put the shares at SAR 16.69, about $4.45, down 1.24% on the session, on turnover of SAR 70.7 million (about $18.9 million) across 4.24 million shares. For a US investor the question worth holding is the one the sector faces everywhere: how much of a mature electronics retailer’s earnings survives the shift of the same goods to cheaper online channels, and what the store estate is worth if it does not. Learn more by visiting their official website at www.jarir.com.