RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 112.13 points, or 0.99 percent, to close at 11,426.77.
The total trading turnover of the benchmark index was SR6.72 billion ($1.79 billion), as 129 of the listed stocks advanced, while 127 retreated.
The MSCI Tadawul Index also increased, up 21.41 points or 1.40 percent to close at 1,546.93.
The Kingdom’s parallel market Nomu gained 132.43 points, or 0.58 percent, to close at 22,932.50. This came as 32 of the listed stocks advanced, while 40 retreated.
The best-performing stock was Arabian Internet and Communications Services Co., with its share price surging by 9.97 percent to SR219.40.
Other top performers included Wafrah for Industry and Development Co., which saw its share price rise by 5.33 percent to SR22.35, and Almoosa Health Co., which saw a 5.03 percent increase to SR142.
On the downside, Saudi Public Transport Co. was among the weaker performers, with its share price declining 4.01 percent to SR11.01.
Raydan Food Co. saw its shares drop by 3.39 percent to SR17.66, while Batic Investments and Logistics Co. declined by 3.06 percent to SR2.22.
On the announcement front, the Middle East Specialized Cables Co. said it signed a Shariah-compliant banking facilities agreement worth SR100 million with the Saudi Awwal Bank.
The facility, which is valid until March 10, 2027, is aimed at financing the company’s working capital and issuing bank guarantees, particularly performance bank guarantees, according to a Tadawul statement.
The agreement is backed by promissory notes valued at SR103.2 million with the facility activation taking effect on the same date as the signing.
MESC’s share price rose by 1.46 percent to reach SR29.18. SAB’s share price also rose, increasing 1.91 percent to SR37.30.
