RIYADH: Saudi Arabia's Tadawul All Share Index ended the first trading session of the week on Sunday with a loss of 291.41 points, or 2.42 percent, to close at 11,754.37.
The total trading volume of the benchmark index was SR6.45 billion ($1.72 billion) while 10 of the stocks advanced, while 223 declined.
The State's equivalent market, Nomu, was down 480.44 points, or 1.81 percent, to close at 26,128.86. This came as 17 stocks advanced while 53 retreated.
The MSCI Tadawul Index also fell 37.35 points, or 2.47 percent, to end at 1,475.24.
The best stock of the day was The Co. for Cooperative Insurance, also known as Tawuniya, whose price increased by 7.99 percent to SR154.00.
Other top players include Almasane Alkobra Mining Co. and the Taleem REIT Fund.
The worst performer was Kingdom Holding Co., whose price fell 10 percent to SR8.28.
Among other failures is Al Taiseer Group Talco Industrial Co. and Zahrat Al-Waha for Trading Co.
Herfy Food Services Co. is 30/09/2019.
According to Tadawul, the company reported a net loss of SR23.24 million for the first six months of 2024, compared to SR8.27 million in the same period last year. .
The increase in losses is a result of higher sales and marketing expenses, driven by higher delivery request costs, as well as higher general and administrative expenses.
Al-Baha Investment and Development Co. has reported its interim financial results for the first half of this year. The company's net profit for the period ended June 30 was SR2.91 million, an increase of 296 percent compared to the same period in 2023.
The increase in profits is a result of higher occupancy rates in the group's facilities.
The last financial report of income Edarat Communication and Information Technology Co., is 30/06/2019.
According to the Tadawul, the company's profit rose 40 percent year-on-year to SR11.58 million in the first half of 2024.
This increase was due to higher operating profit and higher operating profit, along with lower general and administrative expenses.
Saudi Reinsurance Co. has released interim financial statements for the first six months of 2024.
Stock exchange filings revealed that the company's profit reached SR27.59 million in the first half of 2024, an increase of 12.6 percent compared to the same period. last year.
This increase in income is the result of a 20 percent increase in net insurance service results, a 68 percent increase in business and higher investment results.
Sumou Real Estate Co.'s latest financial report. is 30/09/2019.
According to Tadawul's statement, the company's annual profit rose 7.8 percent to SR53.49 million. The increase is due to higher income from new housing projects and return on investment in related businesses.
Al-Rajhi Bank reported its interim financial results for the first half of this year with a bourse announcement showing that the bank's net profit reached SR9.1 billion, an increase of 9.74 percent. compared to the period last year.
This increase was due to a 5.6 percent increase in total operating income, driven by increased financing and investment income, higher costs from in banking services and income.
