Saudi Stock Market Update: Tadawul All Share Index Drops Slightly
The Tadawul All Share Index in Saudi Arabia saw a minor decrease of 0.02 percent, or 2.39 points, settling at 11,739.35 points on Monday. The trading turnover for the benchmark index reached SR5.4 billion ($1.4 billion), with 82 stocks advancing and 143 retreating.
Market Performance Overview
The MSCI Tadawul Index also experienced a decrease of 1.30 points, or 0.09 percent, closing at 1,470.29. On the other hand, the Kingdom’s parallel market Nomu showed an increase, gaining 115.94 points, or 0.38 percent, to close at 30,289.06 points.
Top Performers and Decliners
Saudi Reinsurance Co. was the top performer on TASI, with a 5.99 percent increase in share price. Other notable gainers included Saudi Chemical Co., Fitaihi Holding Group, and Electrical Industries Co.
On the flip side, SHL Finance Co., National Medical Care Co., MBC Group Co., Al-Baha Investment and Development Co., and Saudi Ceramic Co. were among the top decliners on TASI.
Performance in Nomu Market
Sure Global Tech Co. emerged as the best performer in the Nomu market, with an 8.18 percent increase in share price. Arabian Plastic Industrial Co., Purity for Information Technology Co., Enma AlRawabi Co., and Neft Alsharq Co. also delivered strong performances.
Conversely, Fesh Fash Snack Food Production Co., Almuneef Co. for Trade, Industry, Agriculture and Contracting, and AME Co. for Medical Supplies experienced declines in the Nomu market.
Listing Announcement
The Saudi Exchange announced the listing and commencement of trading for shares of United International Holding Co. on the main market, starting Tuesday, Dec. 3, 2024. Daily price fluctuation limits will be set at 30 percent above or below the share price for the first three days of trading, with static price fluctuation limits of 10 percent during this period.