RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 74.29 points, or 0.70 percent, to close at 10,699.79.
The total trading turnover of the benchmark index was SR4.03 billion ($1.07 billion), as 161 of the listed stocks advanced, while 87 retreated.
The MSCI Tadawul Index increased, up 7.06 points or 0.51 percent, to close at 1,404.07.
The Kingdom’s parallel market Nomu gained 7.93 points, or 0.03 percent, to close at 23,919.4. This comes as 30 of the listed stocks advanced, while 44 retreated.
The best-performing stock was National Co. for Learning and Education, whose share price surged 8.09 percent to SR155.
Other top performers included Saudi Reinsurance Co., whose share price rose 4.89 percent to SR28.30, and Yamama Cement Co., whose share price increased 4.40 percent to SR24.20.
On the downside, the worst performer of the day was AlJazira REIT, whose share price fell by 2.44 percent to SR12.
Derayah REIT Fund and Qassim Cement Co. also saw declines, with their shares dropping by 1.84 percent and 1.79 percent to SR5.34 and SR41.60, respectively.
On the announcements front, Naseej Technology Co. announced that it has secured a Shariah-compliant credit facility worth SR40 million with the Saudi National Bank.
According to a Tadawul statement, the agreement was formally signed and received by the company on Dec. 8. The facility, which extends until Nov. 30, 2026, is designated for general corporate purposes, specifically to finance working capital requirements.
This will include issuing letters of guarantee and covering advance payments. The financing is secured by a company promissory note.
