https://arab.news/bn4n6
RIYADH: 抖阴短视频鈥檚 Tadawul All Share Index rose on Sunday, gaining 29.95 points, or 0.26 percent, to close at 11,688.61.
The total trading turnover of the benchmark index was SR3.93 billion ($1.04 billion) as 139 of the stocks advanced while 87 retreated.
Similarly, the Kingdom鈥檚 parallel market Nomu gained 244.80 points, or 0.94 percent, to close at 26,154.75. This comes as 33 of the listed stocks advanced while 32 retreated.
Meanwhile, the MSCI Tadawul Index also gained 1.31 points, or 0.09 percent, to close at 1,455.96.
The top-performing stock of the day was Saudi Research and Media Group, with its share price surging by 9.94 percent to SR236.60.
Other top performers include Al-Baha Investment and Development Co. as well as the Mediterranean and Gulf Insurance and Reinsurance Co.
The worst performer was Saudi Reinsurance Co., whose share price dropped by 6.69 percent to SR25.80.
The top underperformers included Anaam International Holding Group and Al-Yamamah Steel Industries Co.
On the announcements front, Almarai Co. released its interim condensed consolidated financial results for the period ending on June 30.
According to a statement on Tadawul, the company reported a 10 percent increase in net profits, reaching SR1.3 billion in the first half of 2024 compared to the same period a year earlier.
The rise in net profits is primarily attributed to higher revenue growth, effective cost management, a favorable product mix, and stable commodity costs.
In addition, Saudi Advanced Industries Co. disclosed its interim financial results for the first half of 2024 in a bourse filing, reporting a net profit of SR217 million. This marks a 200 percent increase compared to the same period in 2023, driven by increased revenue despite rises in general and administrative expenses, financing costs, and zakat expenditures.
Meanwhile, Jahez International Co. for International Systems Technology has initiated a transfer request to move from the parallel market to the main market.
The request, approved by the board, was submitted via the regulatory online portal, as stated in a Tadawul statement. Further updates on the transfer process will be communicated as they unfold.