Closing Bell: Saudi markets end in red across all indices

  • 9/16/2024
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Parallel market, Nomu fell by 36.02 points, or 0.14%, to end the day at 25,733.93 MSCI Tadawul 30 Index decreased by 1.94 points, or 0.13%, closing at 1,476.66 RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 11,867.37 points, down by 32.93 points or 0.28 percent on Monday. The parallel market Nomu also saw a decline, falling by 36.02 points, or 0.14 percent, to end the day at 25,733.93. The MSCI Tadawul 30 Index decreased by 1.94 points, or 0.13 percent, closing at 1,476.66. The main index, TASI, recorded a trading volume of SR5.4 billion ($1.44 billion), with 65 stocks advancing and 160 declining. Nomu, in contrast, reported a trading volume of SR32.7 million. Year-to-date, TASI has dropped 100.02 points or 0.84 percent, while Nomu has gained 1,204.95 points or 4.91 percent. This time last year, TASI was around 11,104 points, and Nomu stood at 22,791.81 points. Among the top performers on TASI, Al-Baha Investment and Development Co. saw its share price rise by 5.88 percent to SR0.18. Riyadh Cement Co. followed with a 4.48 percent increase, closing at SR26.80. Rasan Information Technology Co. also made gains, climbing 4.32 percent to SR60.4. Saudi Paper Manufacturing Co. and SEDCO Capital REIT Fund increased by 4 percent and 3.74 percent, respectively, closing at SR67.60 and SR8.05. Conversely, Saudi Fisheries Co. experienced the largest decline, falling 5.33 percent to SR24. Saudi Arabian Cooperative Insurance Co. and Mediterranean and Gulf Insurance and Reinsurance Co. also faced losses, with shares decreasing to SR17.80 and SR24.80, reflecting declines of 4.61 percent and 4.06 percent, respectively. Al-Babtain Power and Telecommunication Co. and Saudi Reinsurance Co. also reported losses. On Nomu, Al-Modawat Specialized Medical Co. was the top performer, with its share price surging 11.15 percent to SR14.56. Meyar Co. and Meyar Co. also saw significant gains, closing at SR68 and SR34.80, representing increases of 8.11 percent and 7.41 percent, respectively. Banan Real Estate Co. and Saudi Lime Industries Co. also performed well. On the downside, Saudi Azm for Communication and Information Technology Co. was the worst performer in Nomu, declining by 4.62 percent to SR21.90. Other underperformers included Qomel Co. for Education and Mohammed Hadi Al Rasheed and Partners Co., with share prices falling by 4.3 percent and 4.28 percent to SR129.20 and SR76, respectively. Naas Petrol Factory Co. and Al Rashid Industrial Co. also experienced declines, ending the day at SR67.20 and SR34, respectively.

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