https://arab.news/wkcu7
- Total trading turnover of the benchmark index was $1.58 billion
- MSCI Tadawul Index gained 2,78 points, or 0.19%, to close at 1,489.26
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 66.38 points, or 0.56 percent, to close at 11,981.40.
The total trading turnover of the benchmark index was SR5.93 billion ($1.58 billion), as 174 of the stocks advanced and 49 retreated.
The Kingdom’s parallel market Nomu slipped 48.92 points, or 0.19 percent, to close at 25,712.01, with 39 of the listed stocks advancing, while 36 retreated.
The MSCI Tadawul Index gained 2,78 points, or 0.19 percent, to close at 1,489.26.
The best-performing stock of the day was Saudi Reinsurance Co., whose share price surged 9.94 percent to SR34.85.
Other top performers were CHUBB Arabia Cooperative Insurance Co. as well as Al-Sagr Cooperative Insurance Co.
Saudi Fisheries Co.’s share price dropped by 7.90 percent to SR20.28.
The worst performers were Al-Baha Investment and Development Co. and Saudi Investment Bank.
Arabian Plastic Industrial Co. has announced its interim financial results for the period ending on June 30.
According to a Tadawul statement, the company recorded a net profit of SR5.3 million in the first six months of the year, reflecting an 18.5 percent drop when compared to the same period in 2023, due to an increase in material prices, a rise in overhead cost, and a surge in finance expenses.
Enma Alrawabi Co. has announced a net profit of SR39.79 million in the period ending on June 30, reflecting a 226 percent rise compared to the same period in 2023, as a result of an increase in gross profit by 179.452 percent coupled with a surge in bank returns from investments in accordance with the provisions of Islamic Shariah. This came despite the increase in general and administrative expenses, as well as the increase in the provision for expected credit losses.
Almasane Alkobra Mining Co. has announced the board of director’s decision to distribute SR79.67 million in cash dividends to shareholders for the first half of the financial year. A bourse filing revealed that the total number of shares eligible for dividends amounted to 88.53 million.
Jadwa Investment Co. has announced a decision to distribute SR13.2 million in cash dividends to Jadwa REIT Al Haramain Fund’s unitholders in the first half of the year.
According to a Tadawul statement, the total number of shares eligible for dividends amounted to 66 million, with the amount distributed per unit standing at SR0.20. The statement further disclosed that the distribution ratio of the net assets value stood at 2.61 percent.
Saudi Reinsurance Co. has announced that it is applying for a capital increase from SR891 million to SR1.158 billion with suspension of pre-emptive rights.
This will be done by issuing 26.73 million new ordinary shares to be fully subscribed by the Public Investment Fund so that its ownership in the company’s share capital will be 23.08 percent post-increase, subject to the approval of the Capital Market Authority and the extraordinary general assembly.