Saudi Arabia’s Tadawul All Share Index closed on a positive note on Tuesday, rising by 47.75 points or 0.39%, to finish at 12,420.64. The market experienced a total trading turnover of SR9.04 billion (approximately $2.41 billion), with 131 listed stocks advancing, while 94 retreated.

The MSCI Tadawul Index saw a slight increase of 0.36%, closing at 1,544.15. The Kingdom’s parallel market, Nomu, also saw a modest gain of 8.68 points, closing at 31,022.97. Among the best-performing stocks, Jabal Omar Development Co. saw a notable surge of 7.54%, with its share price rising to SR27.80. Almoosa Health Co. also posted a significant increase, with shares up 6.94% to SR169.60. Thimar Development Co. rose by 6.52%, closing at SR58.80. On the other hand, Dar Alarkan Real Estate Development Co. experienced a 5.42% decline, closing at SR16.06. Outside of stock performance, Itmam Consultancy Co. announced a new agreement with Saudi Arabia’s Ministry of Foreign Affairs to study the formation of a legal committee, a contract valued at over 10% of the firm’s total 2023 revenue.

Itmam Consultancy Co.’s share price dropped by 0.66%, closing at SR18.10. Banan Real Estate Co. also reported that its subsidiary, Qimam Noshoz Real Estate Development Co., had signed a 19-year agreement worth SR224.02 million with Armah Sports Co. The agreement will see the development and leasing of two sports clubs in Riyadh.

Banan Real Estate Co.’s shares gained 1.43%, closing at SR7.09.