Saudi Stock Market Update: Tadawul All Share Index and Nomu Performance
In the latest trading session, Saudi Arabia’s Tadawul All Share Index closed at 12,772.46 points, marking a slight increase of 0.08 percent. Meanwhile, the parallel market, Nomu, ended the day at 27,204.67 points, down by 0.28 percent.
MSCI Tawadul Index Sees Growth
The MSCI Tawadul Index saw a positive movement, closing at 1,606.96 with a 0.10 percent increase.
Trading Volume and Stock Performance
TASI reported a trading volume of SR11 billion ($2.94 billion), with 115 stocks gaining and 113 witnessing declines. On the other hand, Nomu saw a trading volume of SR26 million.
Financial Results of Saudi Industrial Investment Group Co.
The Saudi Industrial Investment Group Co. reported a significant drop in net profits for 2023, primarily due to a decline in share of profits from joint ventures. The company attributed this decrease to falling selling prices and an unplanned shutdown at the Saudi Polymer Co. project.
Updates from United Mining Industries Co. and Nahdi Medical Co.
United Mining Industries Co. experienced a slight decrease in revenue but saw a notable increase in net profit due to a change in the sales mix. Nahdi Medical Co. reported a marginal increase in net profit for 2023, despite a slight decline in gross profit.
Financial Performance of Arabian Drilling
Arabian Drilling reported a 28.5 percent growth in revenue for 2023, with a net profit increase of 8.4 percent compared to the previous year.