RIYADH: Saudi Arabia's Tadawul All Share Index rose on Sunday, gaining 6.73 points, or 0.06 percent, to close at 12,195.05.
The total trading volume of the benchmark index was SR6.12 billion ($1.63 billion), as 74 of the listed stocks advanced, while 154 retreated.
The MSCI Tadawul Index also closed in the green, gaining 2.46 points, or 0.16 percent, to close at 1,529.46.
The Nomu State parallel market rose 67.8 points, or 0.26 percent, to close at 25,770.14. This comes as 27 of the listed stocks advanced while 34 declined.
The lowest value of Saudi Manpower Solutions Co., Ltd. changed to +9.88% during the week.
Other top players include Maharah Human Resources Co. as well as Al-Baha Investment and Development Co., whose share price increased by 8.35 percent and 8.33 percent, standing at SR6.88 and SR0.13.
The worst performer was Electrical Industries Co., whose share price fell by 5.51 percent to SR6.00.
Other decliners included Alinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Co., with share prices down 3.38 percent at SR8.29 and 3.25 percent at SR SR29.80.
In front of the announcement, Saudi Tadawul Holding Co. reported an increase in net profit to SR146 million for the second quarter of 2024, reflecting a 55 percent increase from SR105.2 million in the same period last year. dasa.
The company attributed this growth to a 50.3 percent increase in operating income, which reached SR741.1 million in the first half of 2024, up from SR493.0 million. in the corresponding period of the previous year.
According to the bourse, Saudi Arabian Amiantit Co. reported a profit of SR5.11 million for the second quarter of 2024, reversing a loss of SR10.08 million in the same quarter last year, marking an improvement of 150.7 percent. .
This positive change was caused by a 17.4 percent increase in revenue due to increased sales and the volume of new orders.
Kingdom Holding Co., Sumou Holding Co., and Jeddah Economic Co. signed an agreement to establish a new SR6.8 billion fund to acquire Alinma Jeddah Economic Fund, which is owned by Jeddah Economic Co. 40 percent stake in the new fund.
