https://arab.news/zfqz9
- Total trading turnover of the benchmark index was $1.43 billion
- Al-Sagr Cooperative Insurance Co. was the best-performing stock of the day
RIYADH: 抖阴短视频鈥檚 Tadawul All Share Index continued its downward trend for the second consecutive day as it shed 56.75 points to close at 12,064.65.
The total trading turnover of the benchmark index was SR5.36 billion ($1.43 billion) with 106 of the listed stocks advancing, while another 115 declining.
The Kingdom鈥檚 parallel market Nomu surged by 159.03 points to close at 26,672.09, while the MSCI Tadawul Index slipped by 0.55 points to 1,510.95.
Al-Sagr Cooperative Insurance Co. was the best-performing stock of the day, with the company鈥檚 share price surging by 9.96 percent to SR21.20.
Other top performers of the day were Al-Baha Investment and Development Co. and Allied Cooperative Insurance Group, whose share prices soared by 8.33 percent and 5.83 percent, respectively.
The worst performer in the main market was Leejam Sports Co., as its share price slipped by 9.96 percent to SR208.
In the parallel market, share prices of Saudi Azm for Communication and Information Technology Co. and AME Co. for Medical Supplies surged by 12.50 percent and 8.69 percent, respectively.
Americana Restaurants, listed on the main market, announced that its net profit witnessed a 44.76 percent decline to SR299.85 million in the first half of this year, compared to the same period in 2023.
In a press statement, the company attributed the decline in net profit to lower sales because of the geopolitical situation.
Saudi Ceramic Co., which also announced its financial results, reported a 90.1 percent year-on-year decline in net profit for the first six months of the year, falling to SR4.74 million.
United Electronics Co., also known as Extra, reported a 37.19 percent increase in net profit for the first half of 2024, reaching SR200.47 million, compared to the same period last year.
In a Tadawul statement, Extra said that this rise in net profit was driven by retail segment sales growth due to stable demand in the Saudi market.
Bupa Arabia for Cooperative Insurance Co. said that its net profit surged by 36.44 percent year-on-year to SR764.02 million in the first half of the year.