RIYADH: Saudi Arabia's Tadawul All Share Index rose on Sunday, gaining 6.73 points, or 0.06 percent, to close at 12,195.05.
Total trading turnover in the benchmark index was SR6.12 billion ($1.63 billion), with 74 stocks trading higher and 154 trading lower.
The MSCI Tadawul index also closed in green, gaining 2.46 points, or 0.16%, to settle at 1,529.46.
The parallel market of the Nomu Kingdom rose 67.8 points, or 0.26 percent, to close at 25,770.14. This comes as 27 of the listed stocks rose while 34 fell.
The best performing stock of the day was Saudi Manpower Solutions Co., whose share price rose 9.88% to SR10.34.
Other high-performing companies included Maharah Human Resources Co. and Al-Baha Investment and Development Co., whose share prices rose 8.35% and 8.33% to SR6.88 and SR0.13, respectively.
The worst performing company was Electrical Industries Co., whose share price fell 5.51% to SR6.00.
Other notable declines included Alinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Co., with share prices falling 3.38% to SR8.29 and 3.25% to SR29.80, respectively.
On the announcement front, Saudi Tadawul Holding Co. reported an increase in earnings to SR146 million for the second quarter of 2024, up 55 percent from SR105.2 million in the same period last year.
The company attributed this growth to a 50.3% increase in operating revenues, which reached SR741.1 million in the first half of 2024, compared to SR493.0 million in the corresponding period of the previous year.
According to a stock exchange release, Saudi Arabian Amiantit Co. reported a net profit of SR5.11 million for the second quarter of 2024, reversing a net loss of SR10.08 million from the same quarter last year, marking an improvement of 150.7%.
This positive change was attributed to a 17.4 percent increase in revenue due to increased sales and a higher volume of new orders.
Kingdom Holding Co., Sumou Holding Co. and Jeddah Economic Co. have signed an agreement to establish a new SR6.8 billion fund to acquire Alinma Jeddah Economic Fund, currently solely owned by Jeddah Economic Co. Kingdom Holding Co. will hold a 40 percent stake in the new fund.
