Arab News, Tue, Jun 04, 2024 | Dhu al-Qadah 27, 1445
Saudi benchmark index crosses $2bn in trade volume, closes in green
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index closed in green on Monday, gaining 183.15
points, or 1.58 percent, to close at 11,808.25.
The total trading turnover of the benchmark index
was SR7.9 billion ($2.1 billion) as 207 stocks advanced, while 22
retreated.
On the other hand, the Kingdom’s parallel market
Nomu also edged up 445.62 points, or 1.71 percent, to close at 26,563.86. This
comes as 26 stocks advanced, while as many as 32 retreated.
Similarly, the MSCI Tadawul Index also
gained 22.06 points, or 1.52 percent, to close at 1,477.38.
The best-performing stock of the day was Saudi
Research and Media Group whose share price surged 10 percent to SR220.
Other top performers included Etihad Atheeb
Telecommunication Co. as well as the Aljazira Takaful Taawuni Co., whose share
prices soared by 7.10 percent and 6.94 percent, to stand at SR111.60 and
SR18.50, respectively.
The worst performer was Saudi Pharmaceutical
Industries and Medical Appliances Corp., whose share price dropped
by 3.75 percent to SR29.50.
Astra Industrial Group as well as ACWA Power, also
saw their share prices dropping by 3.40 percent and 3.10 percent to stand at
SR142 and SR407, respectively.
On Nomu, Academy of Learning Co. emerged as the
top gainer with its share price rising by 14.06 percent to SR12.98.
Other best performers on the parallel index
were Future Care Trading Co. as well as Bena Steel Industries Co., whose share
prices soared by 10.66 percent and 5.12 percent to stand at SR13.50 and SR31.85,
respectively.
Al Mohafaza Company for Education and Osool and
Bakheet Investment Co. also fared well.
Knowledge Net Co. experienced a significant drop
in its share price on Nomu, with the company’s shares falling by 5.69 percent to
SR27.35.
The share prices of Banan Real Estate Co. as well
as Pan Gulf Marketing Co. also fell by 4.84 percent and 4.30 percent to stand at
SR5.70 and SR49, respectively.