https://arab.news/9csby
- Saudi's main index TASI sees five days of gains
- Parallel market Nomu hit its highest value in over nine months
16:13 Saudi time: RIYADH: Saudi Tadawul’s main index TASI climbed 1.5 percent to close at 11,312 points, marking the fifth consecutive day of gains as volatility eases.
The parallel index Nomu significantly rose 3 percent to reach 25,954 points, hitting its highest value in over nine months. The total turnover stood at SR10.9 billion ($2.91 billion).
Saudi Telecom Co. and AlRahji Bank extended their gains, up 1.09 percent and 2.26 percent, to close at SR110.8 and SR142 respectively.
International Co. for Water and Power Projects surged 4.71 percent to SR80.
Arab Sea Information System Co., the session’s biggest faller, was down 5.88 percent to SR182.6.
10:25 Saudi time: Saudi bourse starts the day in green territory: Opening bell
RIYADH: As investor appetite improved, Tadawul saw gains in morning trading with its main index TASI up 0.74 percent and the parallel index Nomu up 0.88 percent.
The biggest gainers of the session were AlKhorayef Water and Power Technologies Co. and Saudi Industrial Development Co., rising 6.08 percent and 4.78 percent, respectively.
Sahara International Petrochemical Co. was the most traded stock in terms of value and quantity, increasing nearly 2 percent to SR45.15 ($12.03).
Shares AlRajhi Bank rose to SR140.2 with around SR89 million worth of shares traded in the morning.
Among the top movers, Saudi Basic Industries Corporation surged to SR116.8 and Saudi Telecom Co. was up to SR110.
Losses were trivial when compared to gains, with the highest faller, SABB Takaful Co., down slightly by 0.97 percent to reach SR30.5.
09.11 Saudi time: 10 things you need to know ahead of opening bell: Premarket
RIYADH: Amid trading volatility, here are Tadawul’s 10 latest updates to watch before trading on the Saudi bourse today:
The listing of Almunajem Foods Co.’s shares will take place on Dec.20.
Riyad Bank decided to distribute dividends of SR0.54 per share after Zakat dedecutions for the second half of 2021, totaling SR1.62 billion – 5.4 percent of capital.
Saudi Basic Industries Corporation’s board recommended dividends of SR2.25 per share for the second half of 2021.
Sahara International Petrochemical Co., Spichem, set its dividends at SR1.5 per share for the second half of 2021.
Almarai Co.’s board recommended offering dividends standing at SR1 per share out of a total of SR1 billion for the fiscal year 2021, representing 10 percent of capital.
The company is to inject SR250 million as an initial investment to finance its new product offering, locally produced meat, as it is entering into the branded local beef industry.
Yamama Cement Co. announced the early settlement of its two debt installments for 2022 worth SR130 million to Saudi Industrial Development Fund.
Saudi Telecom Co. signed a SR19 million with Walaa Cooperative Insurance Co. to provide insurance services.
Banan Real Estate Co. acquired a building worth SR73.1 million in Qurtoba district, Riyadh.
Filing and Packing Materials Manufacturing Co. obtained a SR15.1 million mortgage-backed loan from Saudi Industrial Development Fund. The funds will go towards improving the company’s production levels, quality, and efficiency.