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Riyadh: Saudi Arabia’s Tadawul All Share Index rose 42.61 points, or 0.40%, to close at 10,724.62 on Sunday.
The MSCI Tadawul 30 index edged up 4.61 points to close at 1,486.51, while the parallel market Nomu lost 243.64 points to 19,213.17.
Total turnover in the TASI benchmark index on Sunday was 3.09 billion riyals ($820 million), with 140 of the 223 stocks listed rising and 64 falling.
Hail Cement Co. was the biggest gainer of the day, rising 6.51% to SR12.10. Other top gainers were Saudi Advanced Industries Co., Middle East Healthcare Co., Al Hammadi Holding and East Pipes Integrated Co. for Industry.
The worst performer on Sunday was Dur Hospitality Co. , down 2.69 percent to SR22.40. Other biggest losers were Arabian Cement Co. , Qassim Cement Co. , Dallah Healthcare Co. and Almarai Co. .
By the way, Almarai Co. has published its financial results, showing that its net profit after zakat and taxes in 2022 will increase by 13% to 1.75 billion riyals from 1.56 billion riyals in 2021. Its revenue in 2022 increased by 18% to 18.7 million riyals from SR15.8. However, the dairy giant’s share fell 1.61% to SR55.10.
In the industry index, 16 of the 21 listed companies rose, while the rest fell. The Diversified Financial Index was the best performer, rising 1.87% to 6,268.38. Constituent stocks including Saudi Advanced Industries Co. , Kingdom Holding Co. , Saudi Tadawul Group Holding Co. , Sinad Holding Co. and Nayifat Finance Co. all ended higher.
The Food and Beverages Index and the Utilities Index fell 0.62 percent to close at 4,904.33 points and 7,456.54 points, respectively. While the worst performer in the food and beverages sector was Almarai, the utilities sector underperformed under the weight of Saudi Electricity Company, which fell 1.20% to close at SR23.06.
In terms of announcements, Al Masane Al Kobra Mining Company informed the stock exchange on Sunday that the Ministry of Industry and Mineral Resources issued new gold exploration licenses on January 18.
According to a statement to Tadawul, the license is valid until November 24, 2027 and covers an area of ​​34 square kilometers in the Asir district. The license is also in compliance with the new Mining Investment Law and its implementing regulations. Shares of AMAK rose 0.9 percent to SR78.1.
Aldrees Petroleum and Transport Services Co. told Tadawul that its board of directors on Jan. 22 recommended a 20 percent cash dividend, or SR2 per share, in 2022, for a total of 150 million riyals in dividends.
Shares in Aldrees rose 0.13% to SR79.6.
ACWA Power Co. also informed the stock exchange that Jazan Integrated Gasification and Power Co. completed the acquisition of the second tranche of assets of the Jazan Integrated Gasification Combined Cycle project.
The utility major said the project involved the acquisition of the $12 billion IGCC plant from Saudi Aramco. The first IGCC assets were acquired on October 27, 2021. Shares of ACWA Power fell 0.49% to SR161.
National Medical Care Co. also signed a share purchase agreement with SmartMed Co. to acquire 100% of Jiwar Medical Services Co. for 65 million riyals.
According to a statement to Tadawul, the acquisition will be financed through the healthcare provider’s internal resources and credit facilities. The company’s shares soared 1.54% to SR79.20.
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