RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 62.08 points, or 0.51 percent, to close at 12,122.11. Similarly, the MSCI Tadawul 30 Index edged up 12.15 points, or 0.78 percent, to finish at 1,578.77. The main index posted a trading value of SR8.6 billion ($2.3 billion), with 122 stocks advancing and 93 declining. The parallel market Nomu fell 42.61 points, or 0.17 percent, to close at 24,697.11, as it reported a trade volume of SR27.9 million. MBC Group Co. was the top performer on TASI as its share price surged 9.93 percent to SR49.80. Middle East Paper Co. also jumped 8.03 percent to SR35.65. Aldawaa Medical Services Co. was among the top performers, climbing 6.29 percent to SR111.60. Saudi Vitrified Clay Pipes Co. and Riyadh Cables Group Co. also increased 5.84 and 5.50 percent to SR52.60 and SR99.70, respectively. Furthermore, Alinma Bank, a prominent player in Saudi Arabia’s financial sector, experienced a notable rise in its stock value during Monday’s trading session. The shares of the bank, which is listed on the main market, saw an increase of 2 percent, reaching SR42.60. This surge marked the highest closing value for Alinma Bank since its initial listing. The bank’s stock performance was underpinned by strong trading activity with approximately 5.8 million shares changing hands during the session. Conversely, ACWA Power Co. recorded the most significant dip during the day, declining 2.87 percent to SR230.20. Ataa Educational Co. and National Gas and Industrialization Co. also experienced setbacks, with their shares dropping to SR78 and SR65.90, reflecting declines of 2.74 and 2.51 percent, respectively. Anaam International Holding Group and Dar Alarkan Real Estate Development Co. reported significant losses as well. Nomu’s top performer was Sure Global Tech Co., which saw a 10.51 percent jump to SR46.25. Edarat Communication and Information Technology Co. and Academy of Learning Co. also recorded notable gains, with their shares closing at SR399.60 and SR9.80, marking an increase of 6.56 and 6.52 percent, respectively. Tam Development Co. and Watani Iron Steel Co. fared well too. In Nomu, Aqaseem Factory for Chemicals and Plastics Co. was the worst performer, declining by 7.35 percent to SR63. Other underperformers included Molan Steel Co. and Future Care Trading Co., whose share prices dropped 6.70 percent and 6.07 percent to SR5.01 and SR12.06, respectively. Leen Alkhair Trading Co. and View United Real Estate Development Co. also fell during the day to settle at SR26.50 and SR70.70, respectively.