RIYADH: Saudi Arabia's Tadawul All Share Index rose 6.73 points or 0.06 percent on Sunday to close at 12,195.05.
Total trading turnover of the benchmark index was SR6.12 billion (US$1.63 billion), with 74 of the listed stocks rising while 154 declined.
The MSCI Tadawul Index also closed higher, gaining 2.46 points or 0.16 percent to close at 1,529.46.
The kingdom's parallel market Nomu rose 67.8 points, or 0.26 percent, to close at 25,770.14. This came after 27 of the listed stocks gained while 34 declined.
The best performing stock of the day was Saudi Manpower Solutions Co., whose share price rose 9.88 percent to SR 10.34.
Other top performers include Maharah Human Resources Co. and Al-Baha Investment and Development Co., whose share prices rose 8.35 percent and 8.33 percent, respectively, to SR 6.88 and SR 0.13, respectively.
The worst performer was Electrical Industries Co., whose share price fell by 5.51 percent to SR 6.00.
Other notable declines were recorded by Alinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Co., whose share prices fell by 3.38 percent to SR8.29 and 3.25 percent to SR29.80, respectively.
In an announcement, Saudi Tadawul Holding Co. reported a rise in profit to SR 146 million for the second quarter of 2024, an increase of 55 percent from SR 105.2 million in the same period last year.
The company attributed this growth to a 50.3 percent increase in operating income, which reached SR 741.1 million in the first half of 2024, compared to SR 493.0 million in the corresponding period last year.
According to a press release from the stock exchange, Saudi Arabian Amiantit Co. reported a net profit of SR 5.11 million for the second quarter of 2024, making up for a net loss of SR 10.08 million in the same quarter last year, an improvement of 150.7 percent.
This positive development is due to a 17.4 percent increase in revenue, which is due to higher 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 SR 6.8 billion fund to acquire the Alinma Jeddah Economic Fund, which is currently wholly owned by Jeddah Economic Co. Kingdom Holding Co. will hold a 40 percent stake in the new fund.
