Closing Bell: Saudi main index slips to close at 11081 – Arab News

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RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 11,080.74 points on Monday, marking a decrease of 9.68 points, or 0.09 percent. 

Simultaneously, the parallel market, Nomu, concluded at 24,259.32, registering a drop of 98.78 points or 0.41 percent. The MSCI Index also slipped by 2.12 points to settle at 1,425.70, a drop of 0.15 percent.   

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By the day’s end, the main index posted a trading value of SR5.08 billion ($1.3 billion) with 80 stocks advancing and 129 declining. Meanwhile, Nomu reported a trade volume of SR14.7 million.   

TASI’s top performer was Tabuk Agricultural Development Co., which saw a 7.34 percent jump to SR16.96. 

Ataa Educational Co. and Saudi Research and Media Group also recorded notable gains, with their shares closing at SR73 and SR164, marking an increase of 6.73 percent and 6.22 percent, respectively.

Saudia Dairy and Foodstuff Co. and Middle East Healthcare Co. also fared well.   

Conversely, Jadwa REIT Saudi Fund was the worst performer, declining by 3.52 percent, to close at SR12.62. Other underperformers included Alamar Foods Co. and Wafrah for Industry and Development Co., whose share prices slipped to SR117.80 and SR39.20, a drop by 2.97 percent and 2.73 percent, respectively.   

Ades Holding Co. and Gulf General Cooperative Insurance Co. also declined during the day to settle at SR21.36 and SR7.60, respectively.   

In Nomu, Arabian Plastic Industrial Co. recorded the largest dip, declining by 9.50 percent to SR40. Paper Home Co. and Saudi Top for Trading Co. experienced setbacks, with their shares dropping to SR179 and SR7.05, reflecting declines of 6.58 percent and 6.37 percent, respectively.  

Losses were also reported for Fesh Fash Snack Food Production Co. and Leen Alkhair Trading Co.  

However, Horizon Food Co. was the top performer in Nomu with a 10.53 percent increase to close at SR63. United Mining Industries Co. also closed in green with a 6.52 percent increase to settle at SR25.50.   

In Nomu, Obeikan Glass Co. was amongst the top performers with a 5.09 percent increase to close at SR61.90. Alhasoob Co. and Edarat Communication and Information Technology Co. were also on the list with an increase of 3.54 and 3.49 percent, closing at SR84.90 and SR302.60, respectively.  

On the announcement front, Qassim Cement Co.’s board of directors agreed to distribute cash dividends to the company’s shareholders for the third quarter of 2023.  

The total amount distributed is SR58.5 million for a total of 90 million shares at SR0.65 per share.  

The company’s stock price closed at SR64.20 on Monday, rising by 0.63 percent.  

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