Arab News, Tue, Apr 23, 2024 | Shawwal 14, 1445
Closing Bell: TASI edges down to close at 12,509 points
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index closed at 12,508.93 points on Monday,
losing 9.29 points or 0.07 percent.
The parallel market, Nomu, also shed 343.96 points
or 1.28 percent to end the day’s trading at 26,596.22.
Concurrently, the MSCI Tadawul 30 Index fell 3.95
points or 0.25 percent to finish at 1,567.16.
The main index posted a trading value of SR8.8
billion ($2.3 billion), with 74 stocks advancing and 148 declining. On the other
hand, Nomu reported a trade volume of SR37.7 million.
Al-Rajhi Company for Cooperative Insurance was the
top performer on TASI as its share price surged 9.93 percent to SR126.20. LIVA
Insurance Co. followed next with its share price jumping 9.92 percent to close
at SR21.50.
Gulf General Cooperative Insurance Co. also
performed well, climbing 9.16 percent to SR16.44. Raydan Food Co. and Fitaihi
Holding Group increased 8.14 and 8.11 percent to SR28.55 and SR4.40,
respectively.
Conversely, Saudi Cable Co. recorded the most
significant dip, declining 4.94 percent to SR75.
Alkhaleej Training and Education Co. and
Ash-Sharqiyah Development Co. also experienced setbacks, with their shares
dropping to SR31.50 and SR23.40, reflecting declines of 4.83 and 4.10 percent,
respectively.
Nomu’s top performer was Dar Almarkabah for
Renting Cars Co., which saw a 9.73 percent jump to SR44. Mayar Holding Co. and
Alqemam for Computer Systems Co. also recorded notable gains, with their shares
closing at SR4.27 and SR89.80, marking an increase of 7.02 and 5.03 percent,
respectively. Arabian International Healthcare Holding Co. and Foods Gate
Trading Co. also fared well.
On Nomu, Raoom Trading Co. was the worst
performer, declining by 7.28 percent to SR135. Other underperformers included
Natural Gas Distribution Co. and National Environmental Recycling Co., whose
share prices dropped 5.58 percent and 5.23 percent to SR42.30 and SR12.32,
respectively.
Watani Iron Steel Co. and Future Care Trading Co.
declined during the day to settle at SR2.81 and SR8.70, respectively.