RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend for the third consecutive day on Tuesday, as it gained 96.24 points or 0.80 percent to close at 12,193.64.
The total trading turnover of the benchmark index was SR6.95 billion ($1.85 billion), with 110 of the listed stocks advancing while 118 declining.
The Kingdom’s parallel market Nomu also edged up by 54.76 points to close at 31,557.61, while the MSCI Tadawul Index gained 15.72 points to 1,532.32.
Anaam International Holding Group was the best-performing stock of the day. The company’s share price surged by 6.77 percent to SR1.42.
Saudi Research and Media Group was another top gainer, with the firm’s share price increasing by 4.23 percent to SR286.
The share price of Makkah Construction and Development Co. also rose by 4.20 percent to SR119.
Conversely, the share price of Banan Real Estate Co. slipped by 9.88 percent to SR7.39.
On Dec.10, shares of Jahez International Co. for Information Systems Technology debuted on Saudi Arabia’s main exchange. The company’s share price, however, slipped by 9.04 percent to SR34.20.
On the parallel market, Dar Almarkabah for Renting Cars Co. was the best performer, with its share price increasing by 13.42 percent to SR60.
Saad Hussain Bin Dajam Group announced that it received approval from the Kingdom’s Capital Market Authority to float 2.05 million shares, or 20 percent of the firm’s capital on Nomu.
According to a statement, the offer will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules.
The statement added that the authority’s approval is valid six months from the resolution date.
The CMA also approved the request of Twareat Medical Co. to register its shares on the parallel market.
Established in Khobar in 2010, the firm provides medical care services across the Kingdom, including emergency medicine, radiology, dermatology, and pediatrics.
