RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement on Monday, as it gained 66.15 points to close at 11,947.70.
The total trading turnover of the benchmark index was SR7.18 billion ($1.91 billion), with 105 of the listed stocks advancing and 116 declining.
On the other hand, Saudi Arabia’s parallel market Nomu edged up by 0.60 percent to close Monday’s trading at 25,849.92.
The MSCI Tadawul Index also gained 9.83 points to 1,497.85.
The best-performing stock on the main market was Al Sagr Cooperative Insurance Co. The firm’s share price surged by 10 percent to SR20.68.
Other top performers were National Gas and Industrialization Co. and Aljazira Takaful Taawuni Co., whose share prices soared by 6.01 percent and 5.32 percent, respectively.
Similarly, the share prices of Makkah Construction and Development Co. and United Cooperative Assurance Co. also increased by 4.77 percent and 3.72 percent, respectively.
The worst performer of the day was Al Taiseer Group Talco Industrial Co., as its share price dropped by 7.72 percent to SR65.70.
On the other hand, the positive performance of Nomu on Monday was driven by Future Care Trading Co. and National Building and Marketing Co., whose share prices surged by 10.34 percent and 10 percent, respectively.
The worst performer on the parallel market was Ladun Investment Co. The firm’s share price slipped by 7.42 percent to SR2.87.
On the announcements front, Sure Global Tech Co. said it signed a contract worth SR51.99 million to develop a digital platform for the Entrustment and Liquidation Center, also known as Infath.
In a Tadawul statement, the company said that the three-year contract will have a positive impact on its financials from 2024 through 2026.
Meanwhile, Naseej for Technology Co. announced that it signed a contract worth SR11.3 million with the National eLearning Center.
According to a Tadawul statement, the scope of the contract includes managing and operating NELC’s learning management system to enhance confidence in e-learning and lead sustainable innovation in Saudi Arabia.
The statement added that the contract which is valid for 36 months is expected to positively impact Naseej Tech’s financial performance in 2024, 2025, and 2026.
