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.
Total trading turnover for 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, rising 2.46 points, or 0.16 percent, to close at 1,529.46.
The kingdom's parallel market Nomu rose 67.8 points, or 0.26 percent, to close at 25,770.14. This comes as 27 of the listed stocks advanced while as many as 34 retreated.
The best performing stock of the day was Saudi Manpower Solutions Co., whose share price rose 9.88 percent to SR 10.34.
Other top performers include Maharah Human Resources Co. and Al-Baha Investment and Development Co., whose share prices soared by 8.35 percent and 8.33 percent, to SR6.88 and SR0.13, respectively.
The worst performer was Electrical Industries Co., whose share price fell 5.51 percent to SR6.00.
Other notable decliners included Alinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Co., with share prices falling 3.38 percent to SR8.29 and 3.25 percent to SR29.80, respectively.
On the announcement front, Saudi Tadawul Holding Co. reported. a profit increase to SR 146 million for the second quarter of 2024, reflecting a 55 percent increase from SR 105.2 million in the same period last year.
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 last year.
According to a press release from the stock exchange, Saudi Arabian Amiantit Co. reported. a net profit of SR 5.11 million for the second quarter of 2024, reversing a net loss of SR 10.08 million from the same quarter last year, which is an improvement of 150.7 percent. .
This positive change was attributed to a 17.4 percent increase in revenue due to increased sales and a higher volume of new orders.
Kingdom Holding Co., Sumou Holding Co. and Jeddah Economic Co. has signed an agreement to establish a new SR6.8 billion fund to acquire Alinma Jeddah Economic Fund, currently wholly owned by Jeddah Economic Co. Kingdom Holding Co. a share of 40 percent in the new fund.
