RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 139.62 factors or 1.15 p.c, closing at 12,285.07.
The full buying and selling turnover of the benchmark index was SR9.39 billion ($2.51 billion) as 152 listed shares superior, whereas 62 retreated.
Alternatively, the Kingdom’s parallel market Nomu slipped 136.28 factors or 0.55 p.c, closing at 24,557.64. This comes as 28 of the listed shares superior, with 34 retreating.
In the meantime, the MSCI Tadawul Index rose 19.82 factors or 1.25 p.c, closing at 1,599.26.
The very best-performing inventory of the day was Saudi Analysis and Media Group. The corporate’s share worth surged 10 p.c to SR204.60.
Different prime performers included Saudi Reinsurance Co. and Arab Sea Info System Co.
The worst performer was Walaa Cooperative Insurance coverage Co., whose share worth dropped by 3.25 p.c to SR18.48.
Different poor performers have been Submitting and Packing Supplies Manufacturing Co. and Aldrees Petroleum and Transport Providers Co.
On the bulletins entrance, the Saudi Trade Co. launched the TASI50 Index on Sunday.
In response to a Tadawul assertion, the TASI50 is an index monitoring the highest 50 companies ranked by complete market capitalization listed on the Saudi change.
Constituents within the index cowl 90 p.c of the free float market cap with a minimal annual traded worth ratio of 5 p.c, guaranteeing a complete illustration of the biggest corporations available in the market. It may be used as a benchmark for exchange-traded funds, futures, choices, and different monetary merchandise.
Moreover, Almasane Alkobra Mining Co. introduced the board of administrators’ choice to distribute SR57.48 million in money dividends to shareholders for the second half of the monetary 12 months 2023.
A bourse submitting revealed that the entire variety of shares eligible for dividends amounted to 88.43 million, with the dividend per share standing at SR0.65.
Along with this, the assertion additionally revealed that the proportion of dividends to the share par worth stood at 6.5 p.c.
In the meantime, Aldukheil Monetary Group, in its capability because the monetary advisor and bookrunner of Center East Pharmaceutical Industries Co., introduced the agency’s intention to supply 6 million bizarre shares representing 30 p.c of the corporate’s shares and the itemizing of its shares on the primary market.
In response to a Tadawul assertion, the agency obtained approval from the inventory change to listing its shares on the primary market.
Furthermore, the agency additionally obtained approval from the Capital Market Authority for the preliminary public providing of the agency’s shares on the primary market as properly.
