Saudi Stock Market Continues to Rise
In Riyadh, the Tadawul All Share Index saw a positive trend on Wednesday, with a gain of 36.57 points, or 0.31 percent, closing at 11,696.51.
Market Overview
The total trading turnover for the benchmark index reached SR5.3 billion ($1.651 billion) as 128 stocks advanced and 89 declined. The MSCI Tadawul Index also showed growth, increasing by 11.40 points, or 0.79 percent, closing at 1,460.84. Additionally, the Kingdom’s parallel market Nomu climbed by 68.14 points, or 0.26 percent, closing at 26,302.93, with 24 stocks advancing and 37 declining.
Top Performers
The Saudi National Bank was the top-performing stock of the day, with a 5.76 percent surge in share price to SR34.90. Other standout performers included The Mediterranean and Gulf Insurance and Reinsurance Co., Anaam International Holding Group, Saudi Chemical Co., and National Medical Care Co.
Underperformers
On the other hand, the National Co. for Glass Industries was the worst performer, with a 4.31 percent drop in share price to SR41.05. Other underperformers included Al-Babtain Power and Telecommunication Co., Saudi Pharmaceutical Industries and Medical Appliances Corp., Thob Al Aseel Co., and CHUBB Arabia Cooperative Insurance Co.
Parallel Market Update
In the parallel market Nomu, Knowledge Net Co. saw the highest gain, with a 15.97 percent surge in share price to SR30.5. Other top gainers were Shatirah House Restaurant Co. and Nofoth Food Products Co. Miral Dental Clinics Co. was the major loser on Nomu, with a 10 percent drop in share price to SR90, followed by Osool and Bakheet Investment Co. and Al-Modawat Specialized Medical Co.