Saudi Stock Market Update: Tadawul All Share Index Closes Higher
In the latest trading session, the Tadawul All Share Index in Saudi Arabia closed at 12,708.34 points, marking a gain of 41.44 points or 0.33 percent.
Nomu Market Also Sees Gains
The parallel market, Nomu, also experienced gains, rising by 158.48 points or 0.6 percent to end at 26,548.59.
MSCI Tadawul 30 Index Faces Decline
However, the MSCI Tadawul 30 Index saw a decline of 4.77 points, equivalent to 0.3 percent, closing at 1,610.23.
Trading Highlights and Top Performers
The main index reported a trading value of SR9.7 billion ($2.59 billion), with 172 stocks advancing and 54 declining. Saudi Cable Co. emerged as the top performer on TASI, with its share price surging by 9.89 percent to SR77.80. Other top performers included Saudi Chemical Co., Salama Cooperative Insurance Co., Al-Etihad Cooperative Insurance Co., and Al Yamamah Steel Industries Co.
Notable Declines in the Market
On the flip side, some companies experienced setbacks, with Saudi Tadawul Group Holding Co., Arabian Internet and Communications Services Co., National Co. for Glass Industries, Bupa Arabia for Cooperative Insurance Co., and Saudi Awwal Bank reporting significant losses.
Top Performers on Nomu Market
Abdulaziz and Mansour Ibrahim Albabtin Co. stood out as the top performer on the Nomu market, followed by Amwaj International Co. and Meyar Co. Other companies such as Alqemam for Computer Systems Co. and Professional Medical Expertise Co. also fared well.
Worst Performing Companies
Raoom Trading Co. was the worst performer on the parallel market, along with Al Mohafaza Co. for Education and Mohammed Hasan AlNaqool Sons Co. Alhasoob Co. and Mulkia Investment Co. also faced declines during the trading session.