https://arab.news/pf242
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Monday, losing 28.17 points, or 0.23 percent, to close at 12,174.76.
The total trading turnover of the benchmark index was SR8.34 billion ($2.22 billion) as 127 of the stocks advanced, while 96 retreated.
The Kingdom’s parallel market Nomu rose 277.53 points, or 1.08 percent, to close at 26,040.47. This comes as 35 of the listed stocks advanced, while 30 fell.
The MSCI Tadawul Index lost 6.03 points, or 0.39 percent, to close at 1,523.43.
The best-performing stock of the day was Dr. Soliman Abdel Kader Fakeeh Hospital Co. The company’s share price surged 7.02 percent to SR64.
Other top performers were Sadr Logistics Co. as well as United Cooperative Assurance Co.
The worst performer was Al Sagr Cooperative Insurance Co., whose share price dropped by 4.78 percent to SR21.90.
Other stocks to fall were Miahona Co. and ACWA Power Co.
On the announcements front, Aldrees Petroleum and Transport Services Co. has announced its interim financial results for the period ending on June 30.
According to a Tadawul statement, the firm’s net profit stood at SR159.8 million at the end of the first six months of 2024, up 13.4 percent from the corresponding period in 2023.
The increase in net profit is due to the rise in petrol and transport division sales, deposit income, and sukuk, as well as the revenue from the joint venture project investment.
There was a decrease in the other income and increase marketing, selling, and general costs as well as administrative, financing, and zakat expenses.
Saudi Exchange also announced the listing and trading units of SEDCO Capital Multi Asset Traded Fund as a closed ended investment traded fund on the main market on July 24 with the symbol 4703 and ISIN Code SA162G529FL8, and with +/- 30 percent daily price fluctuation limits and +/- 10 percent static price fluctuation limits.
A bourse filing revealed that these fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10 percent and the static price fluctuation limits will no longer apply.