The Saudi Tadawul All Share Index climbed by 1.34%, closing at 12,080.47, with a trading turnover of SR9.47 billion ($2.52 billion). Out of the listed stocks, 152 rose while 73 declined.
The parallel market, Nomu, dipped by 1.01% to 25,337.96 points, with 30 stocks advancing and 41 retreating. The MSCI Tadawul Index also saw a rise of 1.41%, ending at 1,507.65 points.
Etihad Atheeb Telecommunication Co. was the top performer, with its share price increasing by 7.95% to SR95. Red Sea International Co. and Saudi Automotive Services Co. also performed well. Conversely, Al-Baha Investment and Development Co. was the worst performer, dropping 5.88% to SR0.16. Other notable decliners included Saudi Enaya Cooperative Insurance Co. and Saudi Industrial Development Co.
United Cooperative Assurance Co. confirmed that its activities align with Shariah specifications, ensuring the separation of accounts and investments for shareholders and policyholders.
Retal Urban Development Co. sold its 33.33% share of land in Al-Khobar City for SR21 million to Remal Park Fund. This transaction aims to increase the leasable area of the project, positively impacting both the company and the fund’s investments. The deal is expected to enhance Retal’s results from 2024 to 2028 by maximizing returns and development management fees.