RIYADH: Saudi Arabia's Tadawul All Share Index rose on Sunday, up 6.73 points, or 0.06%, to close at 12,195.05.
The total trading value of the underlying index was 6.12 billion Saudi riyals ($1.63 billion), with 74 listed stocks gaining while 154 stocks were losing.
The MSCI Tadawul index also closed in positive territory, up 2.46 points, or 0.16%, to 1,529.46.
The UK Nomu stock index closed up 67.8 points, or 0.26%, at 25,770.14, with 27 listed stocks up and 34 down.
The best-performing stock of the day was Saudi Manpower Solutions Co., with the stock price rising 9.88 percent to 10.34 Saudi riyals.
Other top performers included Maharah Human Resources Co. and Al-Baha Investment and Development Co., with shares up 8.35 percent and 8.33 percent to 6.88 riyals and 0.13 riyals, respectively.
The worst performer was Electrical Industries Co., with its stock price falling 5.51 percent to 6.00 riyals.
Other stocks that saw significant declines included Alinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Co., which fell 3.38 percent to 8.29 riyals and 3.25 percent to 29.80 riyals, respectively.
On the announcement side, Saudi Tadawul Holding reported a rise in profit to 146 million riyals for the second quarter of 2024, reflecting a 55 percent increase from 105.2 million riyals in the same period last year.
The Company attributed this growth to a 50.3 percent increase in operating income, which stood at SR741.1 million in the first half of 2024, up from SR493.0 million in the same period last year.
According to a press release from the stock exchange, Saudi Arabia's Amiantit reported a net profit of SAR 5.11 million for the second quarter of 2024, reversing a net loss of SAR 10.08 million in the same quarter of the previous year, an improvement of 150.7 percent.
This positive change was driven by a 17.4 percent increase in revenue due to higher sales and higher new order volume.
Kingdom Holding Co., Sumou Holding Co. and Jeddah Economic Co. have signed an agreement to set up a new fund worth 6.8 billion Saudi riyals to acquire Alinma Jeddah Economic Fund, currently owned by Jeddah Economic Co., with Kingdom Holding Co. set to hold a 40 percent stake in the new fund.
