Saudi Tadawul Index Closes Higher, Parallel Market Sees Mixed Results
Saudi Arabia’s Tadawul All Share Index closed at 11,729.62 on Thursday, rising by 0.63 percent. Al Taiseer Group Talco Industrial Co. was the top performer, while Al-Baha Investment and Development Co. was the worst. Additionally, Leaf Global Environmental Services Co. began trading on the Nomu-Parallel Market.
On Thursday, Saudi Arabia’s Tadawul All Share Index increased by 73.27 points, or 0.63 percent, closing at 11,729.62.
The total trading turnover was one dollar (1.76 billion), with 116 stocks advancing and 108 retreating.
The MSCI Tadawul Index gained 11.69 points, or 0.8 percent, closing at 1,470.19.
Conversely, the parallel market Nomu fell by 53.33 points, or 0.2 percent, ending at 26,302, with 24 stocks advancing and 42 declining.
The best-performing stock was Al Taiseer Group Talco Industrial Co., which surged by 9.97 percent to SR52.40.
Rasan Information Technology Co. and Saudi Ceramic Co. also performed well, with increases of 8.7 percent and 6.46 percent, respectively.
Al-Baha Investment and Development Co. was the worst performer, dropping by 7.69 percent to SR0.12.
Significant declines were also seen in Alkhaleej Training and Education Co. and Anaam International Holding Group, with losses of 4.02 percent and 3.1 percent, respectively.
Leaf Global Environmental Services Co. began trading on the Nomu-Parallel Market at SR50 per share, featuring 1.5 million shares.
This marks the 13th Nomu listing this year. Al-Saqr Insurance Co. approved a capital increase from SR140 million to SR300 million, raising the number of shares to 30 million.
The fluctuation rate for Al-Saqr's shares was calculated at SR18.26, with priority rights deposited on July 1.
The total trading turnover was one dollar (1.76 billion), with 116 stocks advancing and 108 retreating.
The MSCI Tadawul Index gained 11.69 points, or 0.8 percent, closing at 1,470.19.
Conversely, the parallel market Nomu fell by 53.33 points, or 0.2 percent, ending at 26,302, with 24 stocks advancing and 42 declining.
The best-performing stock was Al Taiseer Group Talco Industrial Co., which surged by 9.97 percent to SR52.40.
Rasan Information Technology Co. and Saudi Ceramic Co. also performed well, with increases of 8.7 percent and 6.46 percent, respectively.
Al-Baha Investment and Development Co. was the worst performer, dropping by 7.69 percent to SR0.12.
Significant declines were also seen in Alkhaleej Training and Education Co. and Anaam International Holding Group, with losses of 4.02 percent and 3.1 percent, respectively.
Leaf Global Environmental Services Co. began trading on the Nomu-Parallel Market at SR50 per share, featuring 1.5 million shares.
This marks the 13th Nomu listing this year. Al-Saqr Insurance Co. approved a capital increase from SR140 million to SR300 million, raising the number of shares to 30 million.
The fluctuation rate for Al-Saqr's shares was calculated at SR18.26, with priority rights deposited on July 1.