Arab News, Thursday, Jan 26, 2023 | Rajab 4, 1444
Closing Bell: TASI edges up 0.13% to close at 10,809
Saudi Arabia: Saudi Arabia’s
Tadawul All Share Index rose 13.55 points — or 0.13 percent — on Wednesday to
close at 10,809.15.
While MSCI Tadawul 30 Index edged up 2.07 points to close at 1,497.91, the
parallel market Nomu regained 104.71 points to end at 19,268.76.
TASI’s total trading turnover of the benchmark index on Wednesday was SR4.11
billion ($1.09 billion), with 117 stocks of the listed 223 advancing and 83
Abdulmohsen Alhokair Group was the topmost gainer of the day, which rose
9.91 percent to SR21.74. The other top gainers were Alinma Tokio Marine Co.,
Al Alamiya for Cooperative Insurance Co., Dallah Healthcare Co. and Saudi
The worst performer on Wednesday was Arabian Drilling Co., which fell 2.19
percent to SR134. The other poor performers were Al-Jouf Agricultural
Development Co., Zahrat Al Waha for Trading Co., Saudi Airlines Catering Co.
and Tourism Enterprise Co..
Among sectoral indices, eight of the 21 listed on the stock exchange
declined, while the Banking Index ended flat and the rest advanced.
The Health Care Equipment and Services Index was the top performer as it
rose 1.82 percent to 9,360.13 thanks to Dallah Healthcare Co., which jumped
5.31 percent to SR134.80. Out of the seven constituent stocks, five
increased while the rest declined.
The Pharma, Biotech and Life Science Index was the worst-performing sector
of the day, dropping 1.28 percent to 3,063.33.
On the announcements front, Arabian Centres Co., also known as Cenomi
Centers, informed the exchange that its shareholders approved establishing a
Shariah-compliant sukuk program up to SR4.5 billion for two years from the
The sukuk will be issued from time to time domestically, in single or
multiple issuances, under the company’s long-term policy to move it to more
flexible, unsecured public markets financing. Cenomi Centers’ share price
stood flat at SR19.98.
Scientific and Medical Equipment House Co. on Jan. 25 also announced that it
sealed an SR265 million Shariah-compliant credit facility agreement with
Alinma Bank. The financing duration will end Sept. 30, 2023, the statement
The assignment of contract returns and promissory notes guarantees the loan.
It aims to finance newly awarded projects, including working capital funding
and avoiding liquidity shortages. The company’s share price picked up
marginally to close at SR66.5.
Al-Jouf Mineral Water Bottling Co.’s shareholders approved increasing
capital by 50 percent through a one-for-two bonus share distribution during
its extraordinary general meeting on Jan. 24. The decision will raise the
capital to SR48 million from SR31.25 million presently. Al-Jouf’s share
price moved up 2.41 percent to SR27.65.
Meanwhile, Saudi Fransi Capital announced paying a
cash dividend of 1.6 percent or SR0.16 per unit to Taleem REIT Fund unitholders
for the period from Oct. 1 to Dec. 31, 2022, distributing a total of SR8.16
million. Taleem REIT’s share price went up 1.18 percent to SR12.