Arab News, Sat, Jan 11, 2025 | Rajab 11, 1446
Closing Bell: Saudi main index closes in green at 12,097
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index rose
on Thursday, gaining 9.01 points, or 0.07 percent, to close at 12,097.75.
The total trading turnover of the benchmark index
was SR7.48 billion ($1.99 billion), as 96 stocks advanced, while 133
retreated.
The MSCI Tadawul Index decreased by 3.28 points,
or 0.22 percent, to close at 1,510.14.
The Kingdom’s parallel market, Nomu, surged,
gaining 251.24 points, or 0.82 percent, to close at 31,027.39. This comes as 56
of the listed stocks advanced, while 32 declined.
The best-performing stock was Nice One Beauty
Digital Marketing Co. for the second day in a row, with its share price
increasing by 7.69 percent to SR49.
Other top performers included Fawaz Abdulaziz
Alhokair Co., which saw its share price rise by 6.5 percent to SR14.74, and
Abdullah Saad Mohammed Abo Moati for Bookstores Co., which saw a 4.42 percent
increase to SR35.45.
Arabian Pipes Co. and Dr. Sulaiman Al Habib
Medical Services Group also saw positive change with their share prices moving
up by 4.10 percent and 3.89 percent to SR12.70 and SR298.80, respectively.
The worst performer of the day was Salama
Cooperative Insurance Co., whose share price fell by 5.88 percent to SR19.52.
Almoosa Health Co. and Al Hassan Ghazi Ibrahim
Shaker Co. also saw declines, with their shares dropping by 5.13 percent and
3.91 percent to SR133.20 and SR28.25, respectively.
On the announcements front, Riyad Bank declared
its intention to fully redeem its $1.5 billion fixed-rate reset tier 2 sukuk,
issued in February 2020, on Feb. 25, 2025.
According to a Tadawul statement, the sukuk
originally maturing in 2030, will be redeemed at face value in accordance with
the terms and conditions. The redemption, approved by the regulators, will
include any accrued but unpaid periodic distributions.
On the redemption date, Riyad Sukuk Limited will
deposit the full amount into the accounts of sukuk holders, marking the
completion of the issuance. This redemption will conclude the sukuk’s life, with
no remaining value post-redemption.
Riyad Bank ended today’s trading session edging up
by 0.91 percent to SR27.85.