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Tadawul Shares Head to Eid Holidays in Green; Saudi Arabia's March Exports Rise, Imports Decline

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The Tadawul All Share Index closed 0.38% in the green at Thursday's close as market watchers assessed Saudi Arabia's latest set of economic releases.

Kingdom Holding Co. (SASE:4280) gained the most at 8.33% during the session, which is the week's last trading day, as the Saudi bourse closes until May 31 for the Eid Al Adha Holiday.

Saudi Arabia's March trade surplus increased to 57.44 billion Saudi riyals from the prior month's 19.09 billion riyals, as merchandise exports surged 21.5% year over year. Imports, however, dropped 24.8% for the reporting month.

"'Machinery, electrical equipment and parts' were among the most important non-oil export commodities, accounting for 27.4% of the total non-oil exports and increased by 46.2% compared with March 2025," the statistics agency said in its report. "On the import side, the most important imported commodities were 'machinery, electrical equipment and parts', which accounted for 30.4% of total imports and decreased by 11.9% compared with March 2025, followed by 'chemical products and allied industries,' which accounted for 9.9% of total imports and decreased by 18.5% compared with March 2025."

Additionally, the kingdom's construction cost index rose 2.4% annually in April from the prior month's 2% increase. The growth was attributed to a climb in residential and non-residential construction costs, the General Authority for Statistics said.

On the corporate front, Alinma Bank (SASE:1150) ticked up 0.59% as the lender finalized its 3 billion-Saudi-riyal additional tier 1 sukuk and $500 million sustainable additional tier 1 capital certificate offerings.

Meanwhile, Al-Modawat Specialized Medical (SASE:9594) posted mixed financial results for the first quarter of 2026. Net profit for the three months ended March 31 declined 48.024% year over year, while revenue was up 21.712% year over year. Shares of the hospital services company closed 1.66% higher. *

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