Riyadh: Saudi Arabia's Tadaul Al Share index closed at 12,105.54 on Tuesday, down 69.22 points or 0.57 percent.
Total trading turnover of the benchmark index was SR6.8 billion ($1.8 billion) as 55 of the listed stocks advanced, while 173 retreated.
The MSCI Dow Jones Industrial Average also closed down 10.49 points, or 0.69 percent, at 1,512.94.
The Kingdom's parallel market Nomu closed up 123.53 points, or 0.47 percent, at 26,164. Among the listed stocks, 33 advanced while 32 retreated.
Sumo Real Estate Company was the best performing stock of TASI as the company's share price rose 9.98 percent to SR47.95.
Other top performers include Kingdom Holding Co. Also Perfect Presentation for Commercial Services Co., whose share price rose 9.93 percent and 4.04 percent to SR7.86 and SR15.96 respectively.
Other top gainers included Naifat Finance Company and Gulf Union Alahlia Cooperative Insurance Company.
Miahona Company was the worst performer, with its share price down 6.82 percent to SR39.60.
Shares of Nama Chemicals Company and Jadwa REIT Saudi Fund fell 3.39 percent and 3.22 percent to SR27.10 and SR12.02, respectively.
Other poor performers included Ration Information Technology Company and National Medical Services Company.
Ahead of the announcements, First Mills Co. reported a net profit of SR45.5 million in the second quarter of the year, an increase of 30.3 percent compared to the same period in 2023.
Revenue also increased by 13 percent year-on-year to SR242.3 million in the second quarter of this year.
The company has announced to distribute a cash dividend of SR 1.55 per share to shareholders in the first quarter of 2024.
The total dividend distribution is SR86.03 million, to be allocated to 55 million shares.
Saudi Telecom Etihad Etisalat Co., also known as Mobily, reported a 33 percent increase in profit to SR661 million in the second quarter of 2024, compared to SR497 million in the same period last year.
The net profit increased due to the company's high operating profit and a 26.2 percent decrease in financing expenses, which fell to 130 million riyals due to a decrease in the loan portfolio.
Lower zakat and income tax expenditure have also contributed to the improved financial performance.
Saudi Telecom Co. also reported a 9 percent increase in second-quarter profit to SR3.3 billion, compared to SR3.0 billion in the same period last year.
The company attributed the increase in net profit to an increase in revenue of SR828 million, which was partially offset by a SR272 million increase in cost of revenue, resulting in an increase in total profit of SR556 million.
Operating expenses decreased by SR48 million, and zakat and income tax expenses decreased by SR23 million.
