RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index ended the week higher, gaining 41.98 points, or 0.38 percent, to finish at 11,027.54.
The MSCI Tadawul 30 Index advanced 6.28 points, or 0.43 percent, to 1,475.62, while the parallel market Nomu rose 0.55 percent to close at 22,905.50.
A total of 372.87 million shares were traded on the main market, with turnover reaching SR11.07 billion ($2.94 billion).
Kingdom Holding Co. led gainers, climbing 8.33 percent to SR12.35, followed by Emaar The Economic City, which rose 7.09 percent to SR10.88.
Tihama Advertising, Public Relations and Marketing Co. advanced 6.95 percent to SR15.08, while AFG International Co. gained 6.79 percent to SR13.37 and Raoom Trading Co. added 6.72 percent to SR72.25.
On the downside, Raydan Food Co. fell 3.62 percent to SR13.04, while Saudi Enaya Cooperative Insurance Co. declined 3.04 percent to SR11.16.
United International Holding Co. dropped 2.87 percent to SR39.90, Arabian Internet and Communications Services Co. lost 2.38 percent to SR213.60, and Elm Co. slipped 2.35 percent to SR686.
On the announcement front, Securities Depository Center Co. said it implemented a securities quantity increase for Naseej for Technology Co. in eligible shareholders’ accounts on May 21, following the company’s corporate action.
Separately, Red Sea International Co. said its board approved the issuance of Saudi riyal-denominated sukuk worth SR300 million under a sukuk issuance program arranged and offered by Sukuk Capital.
The company said the proceeds will support operational requirements and future projects while enhancing the efficiency of its financing structure and diversifying funding sources.
Red Sea International added that the issuance remains subject to regulatory approvals and that further material developments will be announced in due course.
