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Press Dossier    By Date   04/04/2024 Closing Bell – TASI closes in green to reach 12,622 points

Arab News, Thu, Apr 04, 2024 | Ramadan 25, 1445

​​Closing Bell – TASI closes in green to reach 12,622 points

Saudi Arabia: Saudi Arabia’s Tadawul All Share Index closed in green on Wednesday, gaining 145.63 points, or 1.17 percent, to close at 12,622.22.

The total trading turnover of the benchmark index was SR8.3 billion ($2.21 billion) as 171 of the listed stocks advanced, while 56 retreated.  

Similarly, the Kingdom’s MSCI Tadawul Index parallel market Nomu also grew by 25.76 points, or 1.62 percent, to close at 1,614.76.

Conversely, the parallel market Nomu dropped 82.19 points, or 0.31 percent, to close at 26,062.68.

The best-performing stock of the day was Salama Cooperative Insurance Co., which saw its share price surge 6.61 percent to SR30.65.

Jabal Omar Development Co. was the second top performer, seeing a 6.32 percent rise in its stock price to SR30.30.

Top performers also included Saudi Steel Pipe Co. and Advanced Petrochemical Co., whose share prices soared by 6.15 percent and 6.03 percent to stand at SR72.50 and SR44.85, respectively.

The worst performer was Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, whose share price dropped by 8.40 percent to SR12.22.  

Savola Group and Saudi Cable Co. also slipped, with share prices dropping by 3.27 percent and 2.65 percent to stand at SR53.20 and SR73.50, respectively. 

Other poor performers include Saudia Dairy and Foodstuff Co. and Modern Mills for Food Products Co.

In Nomu, Almujtama Alraida Medical Co. was amongst the top performers, with its stock growing by 9.56 percent, closing at SR32.10.

Amwaj International Co. and Alhasoob Co. followed suit, with their stocks growing by 7.07 percent and 6.75 percent to close at SR51.50 and SR69.6, respectively.

National Building and Marketing Co. was the worst performer, with its share price dropping by 9.35 percent to SR227.00.  

Riyadh Steel Co. and Al Rashid Industrial Co. also slipped, with share prices falling by 8.50 percent and 6.89 percent to stand at SR36.60 and SR33.10, respectively. 

Other poor performers include Mulkia Investment Co. and Group Five Pipe Saudi Co.

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