Arab News, Thu, Apr 18, 2024 | Shawwal 9, 1445
Closing Bell: TASI loses 34.45 points to close at 12,465
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index closed at 12,465.98 points on Wednesday,
dipping 34.45 points or 0.28 percent.
The parallel market, Nomu, gained 92.53 points or
0.35 percent to close at 26,401.91.
Meanwhile, the MSCI Tadawul 30 Index also slightly
declined 9.29 points or 0.59 percent to conclude at 1,569.13.
The main index posted a trading value of SR9.5
billion ($2.55 billion), with 96 stocks advancing and 131 declining.
Ash-Sharqiyah Development Co. was the top
performer on TASI as its share price surged 9.95 percent to SR21.44. Batic
Investments and Logistics Co. followed with its share pricing jumping 9.27
percent to close at SR2.83.
Saudi Ground Services Co. also performed well,
climbing 9.09 percent to SR58.80. The Mediterranean and Gulf Insurance and
Reinsurance Co. and Almunajem Foods Co. increased 8.53 and 6.32 percent to SR28
and SR117.80, respectively.
Conversely, Fawaz Abdulaziz Alhokair Co. recorded
the most significant dip, declining 5.16 percent to SR11.40.
Astra Industrial Group and Etihad Etisalat Co.
also experienced setbacks, with their shares dropping to SR175.40 and SR51.39,
reflecting declines of 3.73 and 3.39 percent, respectively.
Saudi Chemical Co. and Saudi Real Estate Co. also
reported significant losses of 3.08 percent and 2.88 percent to SR7.87 and
SR22.22, respectively.
Nomu’s top performer was Future Care Trading Co.,
which saw a 10.68 percent jump to SR9.64.
Ladun Investment Co. and Mayar Holding Co. also
recorded notable gains, with their shares closing at SR5.63 and SR4.10, marking
an increase of 9.96 and 7.89 percent, respectively.
Lana Medical Co. and Al-Modawat Specialized
Medical Co. also fared well, as their share price increased by 7.25 and 6.92
percent, closing at SR42.90 and SR151.40.
On Nomu, Alqemam for Computer Systems Co. was the
worst performer, declining by 9.72 percent to SR90.10. Other underperformers
included Saudi Parts Center Co. and Clean Life Co., whose share prices dropped
6.10 percent and 5.71 percent to SR60.0 and SR94.20, respectively.