Arab News, Sat, Apr 06, 2024 | Ramadan 27, 1445
Closing Bell: TASI ends week in green, reaches 12,705 points
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 83.20 points,
or 0.66 percent, to close at 12,705.42.
The total trading turnover of the benchmark index
was SR7.96 billion ($2.12 billion) as 126 stocks advanced, while 96 retreated.
Similarly, the MSCI Tadawul Index increased by
16.27 points, or 1.01 percent, to close at 1,631.03.
Nomu, the Kingdom’s parallel market, also gained
190.09 points, or 0.73 percent, to close at 26,252.77. This comes as 45 stocks
advanced, while as many as 24 retreated.
The best-performing stock of the day was Saudi
Real Estate Co., whose share price surged by 7.28 percent to SR22.70.
Other top performers include Alkhaleej Training
and Education Co. and Arabian Contracting Services Co., whose share prices
soared by 6.67 percent and 5.99 percent, to stand at SR32 and SR223
respectively.
National Company for Learning and Education and
the National Company for Glass Industries also performed well.
The worst performer was Sinad Holding Co., whose
share price dropped by 6.06 percent to SR12.10.
Other worst performers were Ades Holding Co. as
well as Arabian Drilling Co., whose share prices dropped by 5.32 percent and
4.49 percent to stand at SR18.88 and SR161.80, respectively.
Saudi Electricity Co., announced in a statement on
Tadawul, full redemption of its international sukuk maturing on April 8.
“These sukuk are listed on the Irish Stock
Exchange (Euronext Dublin) and has been issued by SEC on 08-04-2014,” the
statement said.
The company noted that the value of the redeemed
sukuk amounted to $1.5 billion. The financial impact of this sukuk redemption
will take effect in SEC financial statements for the second quarter of 2024.