Arab News, Sat, Jun 01, 2024 | Dhu al-Qadah 24, 1445
Closing Bell: TASI dips to close at 11,503 points
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 193.02 points,
or 1.65 percent to close at 11,503.49
The total trading turnover of the benchmark index
was SR13.13 billion ($3.50 billion) as 65 stocks advanced while 161
retreated.
Similarly, the MSCI Tadawul Index dipped by 24.77
points, or 1.70 percent, to close at 1,436.07.
However, the Kingdom’s parallel market, Nomu,
increased by 307.64 points or 1.17 percent, to close at 26,610.57. This comes as
28 stocks advanced, while as many as 30 retreated.
The best-performing stock was the Mediterranean
and Gulf Insurance and Reinsurance Co., as its share price surged by 7.66
percent to SR29.50.
Other top performers included Almasane Alkobra
Mining Co. and Alkhorayef Water and Power Technologies Co., whose share prices
soared by 5.37 percent and 4.55 percent, to stand at SR62.80 and SR161
respectively.
National Co. for Learning and Education and East
Pipes Integrated Co. for Industry also performed well.
The worst performer was ACWA Power Co. whose share
price dropped by 9.98 percent to SR402.40.
Share prices of Fawaz Abdulaziz Alhokair Co. as
well as the Co. for Cooperative Insurance dropped by 7.89 percent and 6.41
percent to stand at SR8.40 and SR131.40, respectively.
The best-performing stock of the day on the
parallel market was Mohammed Hadi Al-Rasheed and Partners Co., as its share
price surged by 12.58 percent to SR34.90.
Other top performers included Osool and Bakheet
Investment Co. and Abdulaziz and Mansour Ibrahim Albabtin Co., whose share
prices soared by 12.38 percent and 6.86 percent, to stand at SR44.95 and SR45.95
respectively.