Arab News, Sat, Jun 29, 2024 | Dhu al-Hijjah 23, 1445
Closing Bell: Saudi main index rose to close at 11,729
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 73.27 points,
or 0.63 percent, to close at 11,729.62.
The total trading turnover of the benchmark index
was SR6.61 billion ($1.76 billion) as 116 of the stocks advanced, while 108
retreated.
Similarly, the MSCI Tadawul Index gained 11.69
points, or 0.8 percent, to close at 1,470.19.
Meanwhile, the Kingdom’s parallel market Nomu lost
53.33 points, or 0.2 percent, to close at 26,302. This came as 24 of the listed
stocks advanced, while 42 retreated.
The best-performing stock of the day was Al
Taiseer Group Talco Industrial Co., whose share price surged 9.97 percent to
SR52.40.
Other top performers included Rasan Information
Technology Co. and Saudi Ceramic Co., with share prices rising 8.7 percent and
6.46 percent, respectively.
The worst performer was Al-Baha Investment and
Development Co., whose share price dropped by 7.69 percent to SR0.12.
Other notable declines were seen in Alkhaleej
Training and Education Co. and Anaam International Holding Group, with shares
falling 4.02 percent and 3.1 percent, respectively.
On the announcements front, Leaf Global
Environmental Services Co. started trading on the Nomu-Parallel Market today at
SR50 per share.
The company floated 1.5 million shares on Nomu,
representing 30 percent of its capital. The capital consists of 25 million
shares, divided into 5 million shares with a nominal value of SR5 per share,
according to a Tadawul disclosure.
This marks the 13th listing on Nomu this year,
including one direct listing and 12 offerings to qualified investors.
Furthermore, the Extraordinary General Assembly of
Al-Saqr Insurance Co. approved an increase in the company’s capital from SR140
million to SR300 million through the offering of priority rights shares. The
number of company shares after the increase will be 30 million.
Tadawul's release added that the fluctuation rate
for Al-Saqr Cooperative Insurance Co. shares was calculated based on the price
of SR18.26, and all existing orders were canceled.
Additionally, the priority rights of the company
will be deposited in shareholders’ wallets on July 1.