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Jeddah - Yasmine El Tohamy - RIYADH: Saudi Arabia’s Tadawul All Share Index started the week with the best daily performance in two years, gaining 294.72 points, or 2.55 percent, to close at 11,855.11.
The total trading turnover of the benchmark index also recorded its second-highest trading value with SR53.9 billion ($14.3 billion) as 215 of the listed stocks advanced, while 15 retreated.
On the other hand, the Kingdom’s parallel market Nomu also edged up 87.56 points, or 0.33 percent, to close at 26,317.99. This comes as 26 of the listed stocks advanced, while as many as 32 retreated.
Similarly, the MSCI Tadawul Index also gained 41.45 points, or 2.86 percent, to close at 1,491.91.
The best-performing stock of the day was Miahona Co. whose share price surged 18.21 percent to SR17.66.
Other top performers included Wataniya Insurance Co. and Alkhorayef Water and Power Technologies Co., with their share prices soaring by 9.96 percent and 8.25 percent to reach SR28.70 and SR170.60, respectively.
In addition to this, other top performers included Middle East Healthcare Co. and Bank Aljazira.
The worst performer was Etihad Atheeb Telecommunication Co., whose share price dropped by 9.96 percent to SR95.80.
Thimar Development Holding Co. as well as Dr. Soliman Abdel Kader Fakeeh Hospital Co., also saw their share prices dropping by 9.70 percent and 2.30 percent to stand at SR48.40 and SR59.50, respectively.
Moreover, other worst performers also include MBC Group Co. and Saudi Fisheries Co.
In Nomu, Miral Dental Clinics Co. was the top gainer with its share price rising by 14.75 percent to SR105.00.
Other top performers on Nomu included Naba Alsaha Medical Services Co. and Al-Modawat Specialized Medical Co., with their share prices soaring by 8.91 percent and 7.81 percent to reach SR99 and SR157.40, respectively.
Other top gainers included National Environmental Recycling Co. and Almuneef Co. for Trade, Industry, Agriculture and Contracting.
Lana Medical Co. experienced a significant drop in its share price on Nomu, with the company’s shares falling by 11.68 percent to SR32.50.
The share prices of Mayar Holding Co. as well as Edarat Communication and Information Technology Co. also fell by 9.74 percent and 7.78 percent to stand at SR3.43 and SR306.00, respectively.
Other major losers included Saudi Parts Center Co. and Clean Life Co.
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