https://arab.news/p2zaw
RIYADH: 抖阴短视频鈥檚 Tadawul All Share Index rose on Sunday, gaining 75.81 points, or 0.62 percent, to close at 12,331.87.
The total trading turnover of the benchmark index was SR5.39 billion ($1.43 billion), as 148 of the stocks advanced and 78 retreated.
Similarly, the Kingdom鈥檚 parallel market Nomu gained 101.41 points, or 0.32 percent, to close at 31,600.12. This comes as 49 of the listed stocks advanced, while 38 retreated.
The MSCI Tadawul Index gained 10.75 points, or 0.70 percent, to close at 1,546.53.
The best-performing stock of the day was Saudi Cable Co., which debuted on the main market on Sunday, with its share price surging 9.85 percent to SR113.80.
Other top performers included Middle East Specialized Cables Co., with its share price rising 6.43 percent to SR45.50, and Zamil Industrial Investment Co., which saw its share price surge 5.65 percent to SR36.45.
Saudi Reinsurance Co. recorded the biggest drop, with its share price falling 2.27 percent to SR56.00.
Almoosa Health Co. saw its stock price decline by 2.60 percent to SR138.20, while Wataniya Insurance Co.'s share price dropped 1.75 percent to SR25.20.
On the announcements front, Almarai Co. reported its consolidated financial results for the year ended Dec. 31. According to a Tadawul statement, the company posted a net profit of SR2.3 billion in 2024, marking a 12.8 percent increase compared to 2023. This growth was driven by higher revenue, disciplined cost control, and a favorable product mix.
Despite the positive results, Almarai Co.鈥檚 share price ended the session at SR58.50, down 1.72 percent.
City Cement Co. has signed a natural gas supply agreement with Saudi Aramco under the supervision of the Liquid Fuel Displacement Program. According to a bourse filing, the agreement aligns with efforts by the Ministry of Energy and the Ministry of Industry and Mineral Resources to achieve the program's objectives.
The filing also noted that the shift from liquid fuel to natural gas is expected to reduce emissions from the company鈥檚 production processes and enhance operational reliability. The financial impact of the agreement will be disclosed at a later date.
City Cement Co.鈥檚 share price closed the session at SR18.80, up 1.17 percent.
抖阴短视频n Mining Co., or Ma鈥檃den, has provided an update on the development of its third phosphate fertilizer manufacturing project. According to a Tadawul statement, none of the associated contracts involve related parties, and the financial impact of these contracts remains unclear and will be disclosed once available.
Ma鈥檃den鈥檚 share price closed the session at SR48.60, up 1.66 percent.