- Parallel market Nomu added 17.42 points to close at 26,633.08
- MSCI Tadawul Index gained 7.82 points to end at 1,409.49
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 63.80 points, or 0.59 percent, to close at 10,897.39.
The benchmark index recorded a total trading turnover of SR3.22 billion ($858 million), with 201 stocks advancing and 54 retreating.
The parallel market Nomu added 17.42 points, or 0.07 percent, to close at 26,633.08, as 46 listed stocks gained and 42 declined.
The MSCI Tadawul Index gained 7.82 points, or 0.56 percent, to end at 1,409.49.
L’azurde Co. for Jewelry was the best-performing stock of the day, rising 9.40 percent to SR13.50.
Other top performers included Halwani Bros. Co., which rose 7.70 percent to SR47.00, and Dar Alarkan Real Estate Development Co., which advanced 5.16 percent to SR19.35.
Tamkeen Human Resource Co. recorded the steepest drop, falling 3 percent to SR54.95. Fawaz Abdulaziz Alhokair Co. slipped 2.12 percent to SR24.90, while Naseej International Trading Co. declined 1.89 percent to SR104.
In corporate announcements, the offering of National Signage Industrial Co. shares on the Nomu began on Aug. 17 and will run until Aug. 24.
It covers 1.5 million shares, with a price range set between SR12 and SR15, with Yaqeen Capital Co. acting as the lead manager.
Yaqeen Capital also announced its interim financial results for the six months ending June 30. According to a Tadawul statement, the firm reported a net profit of SR12.83 million, up 43.5 percent year on year, driven mainly by a 19 percent increase in revenues.
Its stock closed at SR11, up 4.05 percent.
ASG Plastic Factory Co. also published its interim results for the first half of the year, posting a net profit of SR16.5 million, down 11.23 percent from a year earlier. The decline was attributed to weaker subsidiary performance, higher operating expenses, and increased selling and marketing costs.
The stock ended the session at SR52.10, up 4 percent.
Source: www.arabnews.com