Arab News, Mon, Nov 27, 2023 | Jumada Al-Uola 13, 1445
Closing Bell: Saudi main index rises to close at 11,090
Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 12.34 points, or
0.11 percent, to close at 11,090.42.
The total trading turnover of the benchmark index
was SR3.73 billion ($997 million) as 122 of the listed stocks advanced, while 92
Similarly, the Kingdom’s parallel market Nomu also
rose 218.62 points, or 0.91 percent, to close at 24,358.10. This comes as 25 of
the listed stocks advanced while 26 retreated.
On the other hand, the MSCI Tadawul Index slipped
3.02 points, or 0.21 percent, to close at 1,427.82.
The best-performing stock of the day was Arab Sea
Information Systems Co. The company’s share price surged 8.93 percent to SR6.95.
Other top performers included Saudi Pharmaceutical
Industries and Medical Appliances Corp. as well as Naseej International Trading
Co., whose share prices soared by 4.85 percent and 4.36 percent to stand at
SR35.70 and SR55.00, respectively.
Other top performers included Saudi Industrial
Export Co. and Al-Babtain Power and Telecommunication Co.
The worst performer was Al-Omran Industrial
Trading Co., whose share price dropped by 8.37 percent to SR38.80.
Other poor performers were Al-Baha Investment and
Development Co. as well as Development Works Food Co., whose share prices
dropped by 6.67 percent and 3.20 percent to stand at SR0.14 and SR145.20,
Moreover, other bad performers included the
National Agricultural Development Co. and Tihama Advertising and Public
On the announcements front, National Medical Care
Co. has unveiled the completion of procedures to acquire the entire share
capital of Chronic Care Specialized Medical Hospital Co. Single Shareholder Co.
According to a Tadawul statement, this move comes
after the fulfillment of the specified conditions outlined in the agreement,
which encompassed securing approvals from the pertinent authorities.
The purchase price will be settled in accordance
with the completion accounts mechanisms under the agreement and through Care’s
internal sources and bank loan.
On another note, Jabal Omar Development Co. has
announced the full and final redemption of its sukuk of the aggregate face
amount of $135 million.
A bourse filing revealed that 337.5 sukuk were
redeemed worth an accumulated $67.5 million, with the percentage of redeemed
sukuk out of the total issued standing at 50 percent.
Meanwhile, Albilad Capital and Riyad Capital have
joined the Saudi Exchange as derivatives exchange members.
According to Tadawul statements, both firms have
completed all regulatory and technical requirements to become derivatives
exchange members, with the right to conduct brokerage services and deal as
principals and agents in the Saudi Exchange.