Saudi benchmark index crosses $2bn in trade volume, closes in green

  • 6/3/2024
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RIYADH: Saudi Arabia’s Tadawul All Share Index closed in green on Monday, gaining 183.15 points, or 1.58 percent, to close at 11,808.25. The total trading turnover of the benchmark index was SR7.9 billion ($2.1 billion) as 207 stocks advanced, while 22 retreated. On the other hand, the Kingdom’s parallel market Nomu also edged up 445.62 points, or 1.71 percent, to close at 26,563.86. This comes as 26 stocks advanced, while as many as 32 retreated. Similarly, the MSCI Tadawul Index also gained 22.06 points, or 1.52 percent, to close at 1,477.38. The best-performing stock of the day was Saudi Research and Media Group whose share price surged 10 percent to SR220. Other top performers included Etihad Atheeb Telecommunication Co. as well as the Aljazira Takaful Taawuni Co., whose share prices soared by 7.10 percent and 6.94 percent, to stand at SR111.60 and SR18.50, respectively. The worst performer was Saudi Pharmaceutical Industries and Medical Appliances Corp., whose share price dropped by 3.75 percent to SR29.50. Astra Industrial Group as well as ACWA Power, also saw their share prices dropping by 3.40 percent and 3.10 percent to stand at SR142 and SR407, respectively. On Nomu, Academy of Learning Co. emerged as the top gainer with its share price rising by 14.06 percent to SR12.98. Other best performers on the parallel index were Future Care Trading Co. as well as Bena Steel Industries Co., whose share prices soared by 10.66 percent and 5.12 percent to stand at SR13.50 and SR31.85, respectively. Al Mohafaza Company for Education and Osool and Bakheet Investment Co. also fared well. Knowledge Net Co. experienced a significant drop in its share price on Nomu, with the company’s shares falling by 5.69 percent to SR27.35. The share prices of Banan Real Estate Co. as well as Pan Gulf Marketing Co. also fell by 4.84 percent and 4.30 percent to stand at SR5.70 and SR49, respectively.

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