Closing Bell: Saudi benchmark index ends the week in green at 11,915 

  • 8/15/2024
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MSCI Tadawul Index increased by 4.49 points, or 0.30%, to close at 1,486.48 Parallel market Nomu surged by 226.04 points, or 0.89%, to close at 25,760.93 RIYADH: Saudi Arabia’s Tadawul All Share Index ended the week by gaining 65.37 points, or 0.55 percent, to close at 11,915.02. The total trading turnover of the benchmark index was SR6.82 billion ($1.81 billion), as 170 stocks advanced, while 51 retreated on Thursday. The MSCI Tadawul Index increased by 4.49 points, or 0.30 percent, to close at 1,486.48. The Kingdom’s parallel market Nomu surged by 226.04 points, or 0.89 percent, to close at 25,760.93. This comes as 47 stocks advanced, while as many as 24 retreated. The best-performing stock of the day was Fawaz Abdulaziz Alhokair Co., with its share price surging 9.92 percent to SR10.42. Other top performers included Saudi Automotive Services Co. and Red Sea International Co., with share prices rising by 9.91 percent to SR69.90 and 9.87 percent to SR29.50, respectively. The worst performer of the day was Al Taiseer Group Talco Industrial Co., with its share price falling by 1.73 percent to SR56.90. Saudi Research and Media Group and Rasan Information Technology Co. also saw significant declines, with their shares dropping by 1.61 percent each to SR245 and SR55.10, respectively. CHUBB Arabia Cooperative Insurance Co. and Yamama Cement Co. suffered losses, with share prices decreasing by 1.53 percent to SR32.15 and 1.47 percent to SR30.20, respectively. On the parallel market, the top performers were Mohammed Hadi Al Rasheed and Partners Co. and Leaf Global Environmental Services Co., with their share prices surging by 16.92 percent to SR76 and 10 percent to SR55, respectively. Nomu’s worst performers included National Environmental Recycling Co. and Fad International Co., whose share prices dropped by 6.25 percent to SR12 and 5.95 percent to SR87, respectively.

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