Saudi Stock Market Update: Tadawul All Share Index
As the trading day came to a close in Riyadh, Saudi Arabia’s Tadawul All Share Index wrapped up at 12,508.93 points, showing a slight decrease of 0.07 percent, losing 9.29 points.
Nomu Market Performance
The parallel market, Nomu, also experienced a dip, shedding 343.96 points or 1.28 percent to finish the day at 26,596.22.
MSCI Tadawul 30 Index
Simultaneously, the MSCI Tadawul 30 Index fell by 3.95 points or 0.25 percent, closing at 1,567.16.
Trading Highlights
The main index saw a trading value of SR8.8 billion ($2.3 billion), with 74 stocks advancing and 148 declining. Conversely, Nomu reported a trade volume of SR37.7 million.
Top Performers and Decliners
Al-Rajhi Company for Cooperative Insurance led the way on TASI with a share price surge of 9.93 percent, followed by LIVA Insurance Co. and Gulf General Cooperative Insurance Co. showing impressive gains. On the downside, Saudi Cable Co. recorded the most significant dip.
On Nomu, Dar Almarkabah for Renting Cars Co. was the top performer, while Raoom Trading Co. experienced the most significant decline. Other underperformers included Natural Gas Distribution Co. and National Environmental Recycling Co.
Overall, it was a day of mixed results in the Saudi stock market, with some companies seeing significant gains while others faced setbacks. Investors will be closely monitoring the market for opportunities in the days ahead.