RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index held steady on Monday, seeing a neglible fall off 97.75 points, or 0.85 percent, to close at 11,366.79.
The parallel market Nomu declined 205.04 points, or 0.89 percent, to 22,863.75, while the MT30 index dropped 13.28 points, or 0.86 percent, to 1,528.08.
Trading turnover on the main market reached 258.03 million shares, with a total value of SR5.10 billion ($1.36 billion). A total of 33 stocks advanced, while 226 declined.
Among gainers, Jarir Marketing Co. rose 3.29 percent to SR15.08, while Cherry Trading Co. advanced 3.11 percent to SR26.50.
Astra Industrial Group gained 2.64 percent to SR147.80, Sadr Logistics Co. added 2.60 percent to SR2.76, and Wataniya Insurance Co. increased 2.16 percent to SR14.20.
On the losing side, National Medical Care Co. fell 4.61 percent to SR126.20 and Saudi Cable Co. declined 4.51 percent to SR148.20.
Miahona Co. lost 4.25 percent to SR16.69, while Raoom Trading Co. decreased 4.09 percent to SR73.85.
On the announcement front, SHL Finance Co. declared that its board of directors has recommended the distribution of cash dividends to shareholders for the fiscal year 2025, totaling SR50 million.
The proposed dividend stands at SR0.50 per share, representing 5 percent of the share’s par value, with 100 million shares eligible for the distribution.
The company added that it has obtained no-objection from the Saudi Central Bank to proceed with the dividend distribution.
SHL Finance Co.’s stock closed at SR15.01, down 1.7 percent.
Anaam International Holding Group announced that it has withdrawn its application to increase capital through a rights issue, which had been submitted to the Capital Market Authority, citing current market conditions.
The company stated that its board resolution dated April 20, approved discontinuing the capital increase process, which aimed to raise capital from SR315 million to SR420 million through the issuance of 10.5 million shares at a par value of SR10 per share, totaling SR105 million.
Shares of Anaam International Holding Group closed at SR11.10, down 3.65 percent.
