RIYADH: Recouping its losses on Monday, Saudi Arabia’s Tadawul All Share Index rebounded on Tuesday, gaining 58.22 points to close at 12,613.94.
The Kingdom’s benchmark index posted a trading value of SR8.38 billion ($2.23 billion), with 124 of the listed stocks advancing and 93 declining.
Saudi Arabia’s parallel market Nomu also gained 71.18 points to close at 26,446.59.
The MSCI Tadawul Index edged up by 0.21 percent to 1,599.07.
The best-performing stock of the day was Arabian Contracting Services Co. The firm’s share price soared by 9.95 percent to SR229.80.
Other top performers of the day were Al-Rajhi Co. for Cooperative Insurance and Saudi Steel Pipe Co., whose share prices surged by 7.24 percent and 7.12 percent, respectively.
The worst performer in the main index on Tuesday was Electrical Industries Co., whose share price dipped 5.53 percent to SR4.61.
On the announcements front, Arabian Centers Co., popularly known as Cenomi Centers, reported that it completed the issuance of an additional dollar-denominated sukuk at $100 million, as part of the outstanding $500 million sukuk issued on March 6, 2024, and due in 2029.
In a Tadawul statement, Cenomi Centers revealed that the sukuk issuance would be settled on March 18, 2024.
Meanwhile, Tadawul announced that Middle East Healthcare Co.’s sukuk will start trading on March 13 under the symbol 5019.
Sustained Infrastructure Holding Co., also known as SISCO Holding, announced its financial results on Tuesday. In a Tadawul statement, the company revealed its net profit surged by 94 percent in 2023 to SR71.2 million compared to the previous year.
The firm’s cumulative gross profit stood at SR538.1 million in 2023, representing a 29.29 percent rise compared to the preceding year.
Meanwhile, the board of SISCO Holding approved a 4 percent cash dividend, or SR0.4 per share, for the second half of 2023.
