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Press Dossier    By Date   06/04/2024 Closing Bell: TASI ends week in green, reaches 12,705 points

Arab News, Sat, Apr 06, 2024 | Ramadan 27, 1445

​​Closing Bell: TASI ends week in green, reaches 12,705 points

Saudi Arabia: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 83.20 points, or 0.66 percent, to close at 12,705.42. 

The total trading turnover of the benchmark index was SR7.96 billion ($2.12 billion) as 126 stocks advanced, while 96 retreated. 

Similarly, the MSCI Tadawul Index increased by 16.27 points, or 1.01 percent, to close at 1,631.03.

Nomu, the Kingdom’s parallel market, also gained 190.09 points, or 0.73 percent, to close at 26,252.77. This comes as 45 stocks advanced, while as many as 24 retreated.

The best-performing stock of the day was Saudi Real Estate Co., whose share price surged by 7.28 percent to SR22.70.

Other top performers include Alkhaleej Training and Education Co. and Arabian Contracting Services Co., whose share prices soared by 6.67 percent and 5.99 percent, to stand at SR32 and SR223 respectively.

National Company for Learning and Education and the National Company for Glass Industries also performed well.

The worst performer was Sinad Holding Co., whose share price dropped by 6.06 percent to SR12.10.

Other worst performers were Ades Holding Co. as well as Arabian Drilling Co., whose share prices dropped by 5.32 percent and 4.49 percent to stand at SR18.88 and SR161.80, respectively.

Saudi Electricity Co., announced in a statement on Tadawul, full redemption of its international sukuk maturing on April 8.

“These sukuk are listed on the Irish Stock Exchange (Euronext Dublin) and has been issued by SEC on 08-04-2014,” the statement said.

The company noted that the value of the redeemed sukuk amounted to $1.5 billion. The financial impact of this sukuk redemption will take effect in SEC financial statements for the second quarter of 2024.

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