Saudi Stock Market Update: Tadawul All Share Index Slips
As the week kicked off, Saudi Arabia’s Tadawul All Share Index experienced a slight dip, losing 1.29 points, or 0.01 percent, to close at 11,853.82.
Trading Turnover and Market Movement
The total trading turnover for the benchmark index reached SR10 billion ($2.6 billion) with 187 listed stocks advancing and 43 retreating. The MSCI Tadawul Index also saw a decrease of 5.05 points, or 0.34 percent, closing at 1,486.86.
Nomu Market Performance
On the flip side, the Kingdom’s parallel market, Nomu, witnessed a gain of 450.37 points, or 1.71 percent, closing at 26,768.36. With 30 stocks advancing and 32 retreating, the market had a mixed performance.
Top Performers of the Day
United International Transportation Co. stole the show with a 10 percent surge in its share price to SR84.70. Other notable performers included Leejam Sports Co., Arabian Contracting Services Co., Al-Baha Investment and Development Co., and Al-Babtain Power and Telecommunication Co.
Worst Performers and Underperforming Stocks
ACWA Power Co. took a hit as its share price dropped by 2.99 percent to SR376. Other underperforming stocks included Etihad Atheeb Telecommunication Co., Saudi National Bank, Saudi Cement Co., and Al Jouf Cement Co.
Highlights from Nomu Market
Future Care Trading Co. emerged as the top gainer in Nomu, with its share price rising by 11.14 percent to SR15.36. Edarat Communication and Information Technology Co., Alqemam for Computer Systems Co., Jahez International Co. for Information System Technology, and Marble Design Co. also showed positive growth.
Major Losers in the Market
Miral Dental Clinics Co. experienced a significant drop of 8.38 percent in its share price to SR96.20. Other notable losers included Leen Alkhair Trading Co., Knowledge Net Co., Raoom Trading Co., and Intelligent Oud Co. for Trading.