RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 59.41 points, or 0.52 percent, to close at 11,486.18.
The total trading turnover of the benchmark index was SR6.19 billion ($1.65 billion), as 218 of the stocks advanced and 42 retreated.
Similarly, the Kingdom’s parallel market Nomu gained 32.09 points, or 0.14 percent, to close at 22,964.59. This came as 33 of the stocks advanced while 44 retreated.
The MSCI Tadawul Index gained 7.05 points, or 0.46 percent, to close at 1,553.98.
The best-performing stock of the day was Naseej International Trading Co., whose share price surged 9.92 percent to SR26.14.
Other top performers included Abdullah Saad Mohammed Abo Moati for Bookstores Co., whose share price rose 8.54 percent to SR44.50, as well as Elm Co., whose share price surged 7.04 percent to SR585.50.
Yamama Cement Co. recorded the most significant drop, falling 4.61 percent to SR24.23.
Rabigh Refining and Petrochemical Co. also saw its stock prices fall 2.30 percent to SR10.64.
AlAhli REIT Fund 1 for Industry also saw its stock prices decline 2.12 percent to SR6.45.
On the announcement front, Saudi Networkers Services has announced the renewal of a Shariah-compliant credit facilities agreement valued at SR50 million with Alrajhi Bank to finance the company’s working capital.
Saudi Networkers Services ended the session at SR53.05, down 1.04 percent.
Academy of Learning Co. has announced that its subsidiary, Learning Private Schools Co., has signed a long-term investment lease agreement worth SR332 million for a model educational complex in Riyadh in alignment with the company’s strategy to expand within the education sector.
According to a Tadawul statement, this marks the firm’s first operational launch in Riyadh within the private International education sector.
It also reflects its strategic direction toward diversifying investments and fostering sustainable growth by entering sectors with stable, long-term returns.
Academy of Learning Co. affirmed that its school investment policy is based on leasing buildings rather than owning them in an attempt to reduce capital expenditures as well as fast-track the achievement of investment returns.
The contract is expected to have a positive impact on the company’s financial results starting from the first half of next year.
Academy of Learning Co. ended the session at SR6.86, up 0.58 percent.
