Arab News, Sat, Nov 25, 2023 | Jumada Al-Uola 10, 1445
Closing Bell: Tadawul slips slightly to close at 11,078
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index shed 21.90 points or 0.20 percent on
Thursday to close at 11,078.08.
The total trading turnover of the benchmark index
was SR4.13 billion ($1.10 billion) as 105 of the listed stocks advanced, while
110 declined.
On the other hand, Saudi Arabia’s parallel market
Nomu gained 42.57 points to close at 24,139.48.
The MSCI Tadawul 30 Index, however, edged down
0.42 percent to 1,430.84.
The best-performing stock on the main index was
Astra Industrial Group. The company’s share price soared 9.98 percent to
SR110.20.
Other top gainers were Al-Omran Industrial Trading
Co. and Al-Baha Investment and Development Co., whose share prices surged by
7.18 percent and 7.14 percent, respectively.
The worst performer on the primary market was
Walaa Cooperative Insurance Co., as its share price edged down 3.16 percent to
SR16.56.
Other gainers on Nomu were Amwaj International Co.
and Gas Arabian Services Co., whose share prices rose 7.20 percent and 4.83
percent, respectively.
The positive performance of Nomu was driven by
Naseej for Technology Co. The company’s share price soared 8.33 percent to SR65.
On the announcements front, KEIR International Co.
revealed that it signed a Shariah-compliant credit facility agreement with Saudi
Awwal Bank worth SR99.08 million to fund the company’s general objectives,
including new projects, working capital requirements and buffer liquidity
constraints.
In a statement to Tadawul, KEIR International Co.
said there are no related parties to the agreement.
The company added that no guarantees were provided
to the 12-month loan facility.