https://arab.news/beetw
RIYADH: Saudi Arabia’s Tadawul All Share Index concluded its Monday trading at 10.293.19 points, recording a drop of 202.97, or 1.93 percent.
At the same time, Nomu, the parallel market, ended at 22,777.18, showing a decrease of 579,43 points or 2.48 percent.
The MSCI Index also decreased by 27.85 points, finishing at 1,320.20, marking a drop of 2.07 percent.
By the close of trading, the primary index showcased a trade value of SR4.7 billion ($1.2 billion) with 18 stocks on the uptrend and 201 on the downtrend. Conversely, Nomu noted a trading volume of SR42 million.
In Tasi, Clean Life Co. stood out as the leading performer, registering a surge of 11.61 percent and closing at SR125. Additionally, Edarat Communication and Information Technology Co. ended on a positive note with a growth of 6.64 percent, settling at SR366.
Another notable performer, Ladun Investment Co. observed a 5.33 percent rise, concluding its trading at SR3.95. Both Banan Real Estate Co. and Amwaj International Co. also made it to the list, climbing by 4.8 percent and 3.97 percent, to wrap up at SR6.55 and SR75.90, respectively.
On the other hand, Future Care Trading Co. was Tasi’s worst performer, dropping by 19.44 percent to close at SR19.98. Alqemam for Computer Systems Co. and Mohammed Hasan AlNaqool Sons Co. followed suit with a 17.63 percent and 16.22 percent decrease to reach SR97.20 and SR47, respectively.
Meyar Co. and Natural Gas Distribution Co. were also amongst the worst performers with stocks falling by 8.77 percent and 7.79 percent to close at SR79.10 and SR45, respectively.
On the announcement front, Al-Rajhi Bank released its financial results for the first nine months of 2023, recording some yearly decreases.
The bank had SR4.1 billion in net profit in the third quarter of 2023, recording a year-on-year drop of 4.59 percent, according to a bourse filing.
“Net income decreased due to a decrease in total operating income by 3.9 percent caused by a decrease in net financing and investment income and fees from banking services, while there was an increase in other operating income, and exchange income,” the company stated in the filing.
Additionally, the bank’s gross income reached SR9.9 billion, a 36 percent growth in the third quarter of the year, compared to the same quarter last year.