Closing Bell: Saudi Arabia’s Tadawul rises 0.18% to highest level in a month

Closing Bell: Saudi Arabia’s Tadawul rises 0.18% to highest level in a month

Saudi Arabia’s Tadawul All Share Index increased by 0.18% to close at 10,326.47, marking its highest level in a month. Trading volume reached approximately SR4.12 billion, with 100 companies advancing and 163 declining, while the Nomu parallel market also saw gains. Notable market movers included Saudi Industrial Development Co. and Al-Omran Industrial Trading Co. which both experienced significant increases.

JEDDAH: Saudi Arabia’s Tadawul All Share Index rose 18.1 points, or 0.18 percent, on Thursday to close at 10,326.47, its highest level in a month.

Trading volume reached nearly 235.6 million shares, with a combined value of more than SR4.12 billion ($1.1 billion) across 424,016 transactions. Of the listed companies, 100 advanced, while 163 declined.

The Nomu parallel market advanced 105.57 points, or 0.48 percent, to close at 22,054.14, with 43 stocks advancing and 35 declining.

The MSCI Tadawul 30 Index also gained 2.64 points, or 0.19 percent, to end the session at 1,400.46.

Saudi Industrial Development Co. led the market’s gainers, rising 7.57 percent to close at SR16.20.

Al-Omran Industrial Trading Co. advanced 6.87 percent to SR18.97, while Saudi Azm for Communication and Information Technology Co. jumped 5.87 percent to close at SR33.92.

On the downside, Raoom Trading Co. was the biggest decliner, dropping 8.43 percent to SR73.90.

Saudi Fisheries Co. fell 6.91 percent to SR57.25, while Kingdom Holding Co. decreased 6.43 percent to end the day at SR12.65.

The Saudi Exchange suspended trading in Tihama Advertising, Public Relations and Marketing Co. shares on Thursday due to the company’s failure to publish its financial statements for the period ended Sept. 30, within the regulatory deadline.

In brief

JEDDAH: Saudi Arabia’s Tadawul All Share Index rose 18.1 points, or 0.18 percent, on Thursday to close at 10,326.47, its highest level in a month. Saudi Industrial Development Co. led the market’s gainers, rising 7.57 percent to close at SR16.20. Al-Omran Industrial Trading Co. advanced 6.87 percent to SR18.97, while Saudi Azm for Communication and Information Technology Co. jumped 5.87 percent to close at SR33.92.

This is the opening of the story, shared with credit to Arab News. The rest of the report — with every detail — continues on the publisher’s website.

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