Closing Bell: TASI dips slightly to 11,119 points, trading turnover touches $1.9bn

Closing Bell: TASI dips slightly to 11,119 points, trading turnover touches $1.9bn
Closing Bell: TASI dips slightly to 11,119 points, trading turnover touches $1.9bn

Thank you for reading the news about Closing Bell: TASI dips slightly to 11,119 points, trading turnover touches $1.9bn and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 11,118.94 points, witnessing a decline of 18.09 points or 0.16 percent.

Concurrently, the MSCI Tadawul 30 Index ended the day at 1,442.87 points, dropping 4.06 points or 0.28 percent. However, the parallel market Nomu increased by 179.94 points to 23,863.30, a 0.76 percent growth. 

By the close, TASI reported a trading turnover of SR7.1 billion ($1.9 billion), with 124 stocks making gains and 87 witnessing declines. Nomu, on the other hand, saw a trading turnover of SR16.1 million. 

Naqi Water Co. emerged as TASI’s standout performer, surging 9.91 percent to SR72.10. 

Ades Holding Co. and Al-Omran Industrial Trading Co. also posted significant gains, closing at SR22.80 and SR35.50, up by 8.57 percent and 7.58 percent, respectively. 

On the announcement front, Saudi Arabia’s First Milling Co. revealed its intention to purchase shares to boost its employee incentive plans. 

The company aims to buy a maximum of 300,000 shares to be allocated to its employee stock long-term incentive plan.

Its board’s proposal is set to be discussed at the upcoming extraordinary general assembly meeting, the date of which will be announced later.

According to a bourse filing, this move follows the fulfillment of all solvency conditions as specified for listed joint stock companies. 

First Milling Co.’s stock price closed at SR69.60, an increase of 3.11 percent.

Moreover, Tadawul announced the listing and trading shares of Almujtama Alraida Medical Co. on Nomu. 

The company manages a network of pharmacies retailing medicines, pharmaceutical products and cosmetics. It also offers medical equipment, instruments and supplies across Saudi Arabia.

Additionally, the enterprise boasts a portfolio of 157 pharmacies, comprising 125 operational outlets and 32 under construction.  

These upcoming branches are slated to commence operations within the next 12 months. The company has a strong presence in the Kingdom, with a particular focus on the Western region.

Furthermore, Arabian Internet and Communications Services Co., also known as Solutions by stc, received approval from the General Authority for Competition for the acquisition of 40 percent of Devoteam Middle East. 

These were the details of the news Closing Bell: TASI dips slightly to 11,119 points, trading turnover touches $1.9bn for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Moody’s affirms Kingdom’s A1 credit rating with positive outlook
NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]