RIYADH: Saudi stocks closed higher on Monday, with the Tadawul All Share Index gaining 73 points, or 0.70 percent, to finish at 10,489.65, supported by broad-based buying and improved market breadth.
The MSCI Tadawul 30 Index also advanced, rising 10.42 points, or 0.76 percent, to close at 1,388.77, while the parallel market, Nomu, edged up 28.93 points, or 0.12 percent, ending the session at 23,272.95.
Advancers outnumbered decliners on the main market, with 202 gainers against 59 losers.
Trading activity picked up during the session, with 142.16 million shares changing hands, while total traded value reached SR2.63 billion ($701.2 million).
Raoum Trading Co. led the gainers, surging 9.72 percent to close at SR68.85, followed by Salama Cooperative Insurance Co., which rose 7.28 percent to SR9.14.
Al Masar Al Shamil Education Co. gained 5.57 percent to SR26.90, while Arab Sea Information Systems Co. advanced 5.38 percent to SR4.11.
Chubb Arabia Cooperative Insurance Co. rounded out the top performers, climbing 4.63 percent to SR19.67.
On the downside, Alyamamah Steel Industries Co. posted the steepest decline, falling 5.51 percent to SR30.50.
Amlak International Finance Co. slipped 4.06 percent to SR10.63, while Saudi Cable Co. retreated 3.99 percent to SR142.10.
On the announcement front, Asas Makeen Real Estate Development and Investment Co. said it signed a one-year, renewable marketing, sales and leasing agreement with Wathiq Marketing Co. to manage promotional campaigns and the sale and leasing of residential and commercial units across its projects.
The agreement includes a marketing commission of 2.5 percent per unit, with the total expected value estimated at SR10 million, although the final amount will depend on actual sales volumes.
Shares of Asas Makeen Real Estate Development and Investment Co. closed at SR83.55, up 1.64 percent.
Meanwhile, Raoom Trading Co. announced the acquisition of an existing industrial operating asset in Hail Industrial City, including a glass factory and related facilities, for SR15 million.
The transaction was completed through a purchase and assignment agreement with Faisal Mahdi Al-Tabinawi Glass Factory, with funding provided via previously secured bank facilities.
The acquisition is part of Raoom Trading Co.’s expansion strategy.
