- Parallel market Nomu dropped 340.01 points to close at 26,740.01
- MSCI Tadawul Index declined by 1.33% to 1,390.20
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, as it shed 137.97 points, or 1.26 percent, to close at 10,843.20.
The total trading turnover of the benchmark index was SR4.92 billion ($1.31 billion), with 25 of the listed stocks advancing and 231 declining.
The Kingdom’s parallel market, Nomu also dropped 340.01 points to close at 26,740.01.
The MSCI Tadawul Index declined by 1.33 percent to 1,390.20.
The best-performing stock on the main market was Sport Clubs Co., which debuted on the benchmark index on Tuesday. The firm’s share price advanced by 24 percent to SR9.30.
The share price of Tourism Enterprise Co. also rose by 6.25 percent to SR1.02.
Riyadh Cables Group Co. saw its stock price climb by 1.92 percent to SR132.50.
The share price of Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, declined by 5.71 percent to SR29.38.
On the announcements front, Etihad Etisalat Co., also known as Mobily, announced its net profit for the first half of the year reached SR1.59 billion, representing a 22.94 percent increase compared to the same period in 2024.
In a Tadawul statement, Mobily attributed the rise in net profit to increased revenues across all business segments and its growing customer base.
Mobily saw its stock price edge up by 1.90 percent to SR56.25.
Saudi Automotive Services Co. said its net profit for the first half witnessed a year-on-year rise of 48.64 percent to SR33.98 million.
According to SASCO, the rise in net profit was driven by a higher number of service stations, strong sales from its SASCO Palm and transportation segments, as well as an increase in the selling prices of diesel.
The share price of SASCO rose by 1.48 percent to SR55.
Dar Almajed publishes IPO prospectus
Dar Almajed Real Estate Co. has published the prospectus for its initial public offering, which will list 90 million shares with a nominal value of SR1 each on the main market.
The development follows the Kingdom’s Capital Market Authority’s approval for the company to float 30 percent of its SR300 million capital in March.
The book-building process commenced on June 29 and will conclude on Aug. 4.
The retail subscription period will run from Aug. 14 to 18.
The company has appointed Saudi Fransi Capital as financial adviser, lead manager, institutional bookrunner, and underwriter for the IPO
Source: www.arabnews.com