Arab News, Thu, Sep 05, 2024 | Rabi al-Awwal 2, 1446
Closing Bell: Saudi Arabia’s TASI concludes in red, drops to 12,128 points
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index closed
Wednesday’s trading at 12,128.14 points, recording a drop of 52.23 points, or
0.43 percent.
The Nomu parallel market ended at 25,946.20,
marking a decrease of 98.75 points, or 0.38 percent.
The MSCI Tadawul also dropped by 5.55 points, or
0.37 percent, ending Wednesday’s session at 1,511.82.
By the end of trading, TASI recorded a trade value
of SR7.4 billion ($1.9 billion), with 46 stocks advancing and 180 declining. In
contrast, Nomu had a trading volume of SR32.8 million.
Saudi Fisheries Co. stood out as the leading
performer, registering a surge of 9.92 percent and closing at SR24.38. This
comes on the heels of the company’s latest appointment of a new chairman and
vice chairman of the board.
Al-Baha Investment and Development Co. ended on a
positive note with a growth of 7.69 percent, settling at SR0.14.
Another notable performer, Saudi Steel Pipe Co.
observed a 5.92 percent rise, concluding its trading at SR76.90. The National
Co. for Glass Industries and Wataniya Insurance Co. also performed well, both
rising by 4.33 percent to end at SR51.80 and SR32.50, respectively.
Alistithmar AREIC Diversified REIT Fund
experienced the most significant drop, plunging 5 percent to SR9.50.
Shares of AlAhli REIT Fund 1 and Knowledge
Economic City followed suit, declining to SR7.85 and SR15.38, translating to a
dip of 3.33 percent and 3.27 percent, respectively.
Americana Restaurants International PLC and Amlak
International Finance Co. also reported downturns.
In Nomu, Al Ashghal Al Moysra Co. was the top
performer, reaching SR57, an increase of 8.16 percent.
Leaf Global Environmental Services Co., Mohammed
Hasan AlNaqool Sons Co., and Alhasoob Co. were also among the top gainers
clinching 7.69, 6.19, and 4.63 percent changes to close at SR70, SR36.90, and
SR52, respectively.
Advance International Co. for Communication and
Information Technology also closed the day in green with SR5, an increase of
4.17 percent.
Natural Gas Distribution Co. was the worst
performer on Nomu, closing at SR43.70, a 10.45 percent drop.
Al Rashid Industrial Co. and Naba Alsaha Medical
Services Co. followed dropping by 6.14 and 4.95 percent to close at SR38.95 and
SR90.30, respectively.
MOBI Industry Co. and Sure Global Tech Co. were
also among Nomu’s worst performers.