Arab News, Tuesday, Mar 21, 2023 | Sha'ban 29, 1444
Closing bell: TASI rises 60 points
Saudi Arabia’s Tadawul All Share Index increased 60.39 points on Monday –
or 0.59 percent – to close at 10,218.12.
MSCI Tadawul 30 Index inched up 0.69 percent to
1,386.65, and the parallel market, Nomu, slightly edged down by
0.05 percent closing at 18,968.30.
TASI’s total trading turnover of the benchmark
index was SR4.56 billion ($1.21 billion) as 111 stocks of the listed 224
advanced and 95 receded.
Themar Development Holding Co. was the top gainer
of the day, closing the trading session up 9.91 percent at SR44.35
The second-best performer was Alima Tokio Marine
Co., increasing 9.70 percent to SR14.48.
Elm was the third-best performer,
rising 7.67 percent - or 31 points – to SR435, compared to its opening at
Other top performers of the day were Dar Alarkan
Real Estate Development Co., and Makkah Construction and Development Co.
The biggest faller of the day was BinDawood
Holding Co., which slipped by 2.96 percent to SR52.5.
Nahdi Medical Co. is the next worst performer of
the day, decreasing by 2.48 percent to SR181.
The other poor performers were Gulf Insurance
Group, Alinma Hospitality REIT Fund, and Jabal Omar Development Co.
Non-institutional foreign investors, excluding
Saudi Aramco, reduced their stake in Tadawul-listed stocks to
10.45 percent, or SR281.79 billion, which is represented by swap holders,
residents, and qualified foreign investors.
On an announcement front, Saudi National Bank's
share price increased by 3.86 percent, closing at SR44.4. The bank also said in
a statement that the changes in the valuation of SNB’s investment in Credit
Suisse have no impact on SNB’s growth plans.
Rawasi Albina Investment Co. announced its annual
financial results for 2022, reporting a 19.54 percent increase in its net profit
to SR20.8 million. Moreover, Rawasi’s share price climbed 11.98 percent, closing
Perfect Presentation for Commercial Services Co.
also announced a tremendous increase in net profit by 63.06 percent to SR131.4
million. The company’s shares closed 3.55 up at SR175.
CHUBB Arabia Cooperative Insurance Co. reported
a 12.54 percent decrease in net profit to almost SR13.4 million compared
to SR15.3 million in 2021. CHUBB’s share price decreased 0.24 percent to close
The company correlated the decline to an increase
in General and Administrative Expenses an increase in Policy Acquisition
Costs in higher drilling utilization and an increase in daily rate, notably in
the offshore segment
Dallah Healthcare Co. reported a net profit of
SR274 billion, up 6.13 percent compared to 2021. Dallah attributed the increase
to a revenue increase of 18.18 percent in 2022 to SR2.4 billion. The healthcare
company’s share price slightly decreased by 0.56 percent, closing at SR141.6.
Saudi Reinsurance Co. also announced its financial
results for 2022 and reported a net loss of SR1.6 million, down 58.1 percent
compared to almost SR4 million in 2021. However, its share price increased by
1.66 percent to SR14.7 per share.