Closing Bell: Saudi indexes end week in green, TASI closes at 11,792 

  • 7/11/2024
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RIYADH: Saudi Arabia’s Tadawul All Share Index ended the week in green, gaining 8.32 points, or 0.07 percent, to close at 11,792.41. The total trading turnover of the benchmark index was SR6.4 billion ($1.7 billion) as 104 of the listed stocks advanced, while 116 retreated. Similarly, the MSCI Tadawul Index also gained 0.52 points, or 0.04 percent, to close at 1,472.37. The Kingdom’s parallel market Nomu gained 259.34 points, or 1.02 percent, to close at 25,776.04. This came as 35 of the listed stocks advanced, while as many as 19 retreated. The best-performing stock of the day was Saudi Reinsurance Co., with the company’s share price surging 8.30 percent to SR30.65. Other top performers include Miahona Co. as well as Rasan Information Technology Co., whose share prices soared by 7.17 percent and 5.28 percent, to stand at SR33.65 and SR63.80 respectively. In addition to this, other top performers included Al Taiseer Group Talco Industrial Co. and MBC Group Co. The worst performer was Mouwasat Medical Services Co., whose share price dropped by 2.12 percent to SR120. Other fallers were Saudi Ground Services Co. as well as National Company for Learning and Education, whose share prices dropped by 1.89 percent and 1.76 percent to stand at SR51.90 and SR178.20, respectively. Al Kathiri Holding Co. and Batic Investments and Logistics Co. also saw falls. In Nomu, Gas Arabian Services Co. was the top gainer with its share price rising by 6.12 percent to SR12.84. Other best performers in Nomu were Mohammed Hadi Al Rasheed and Partners Co. as well as Bena Steel Industries Co., whose share prices soared by 5.92 percent and 5.76 percent to stand at SR51.90 and SR33.95, respectively. Other top gainers also include Leaf Global Environmental Services Co. and MOBI Industry Co. Mayar Holding Co. was the major loser on Nomu, as the company’s share price dropped by 7.35 percent to SR3.15. The share prices of Ladun Investment Co. as well as Natural Gas Distribution Co. also fell by 6.95 percent and 3.59 percent to stand at SR3.08 and SR44.30, respectively. Other major droppers included Raoom Trading Co. and Arabian Plastic Industrial Co.

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