The Saudi Tadawul All Share Index witnessed a downturn at the start of the week, with a 0.60 percent drop, concluding the day at 12,125.36 points. The trading volume for the benchmark index reached SR6 billion, with 68 stocks experiencing gains as opposed to 155 that saw declines.
In a similar vein, the Kingdom’s secondary market, Nomu, also experienced a marginal dip, shedding 25.51 points, or 0.09 percent, to end at 27,036.50. Trading activity revealed 24 stocks trending upwards, while 40 moved in the opposite direction.
The MSCI Tadawul Index wasn’t spared from the downward trend, dipping by 13.53 points, or 0.89 percent, closing at 1,515.07.
Al-Baha Investment and Development Co. stood out as the top performer, with its shares jumping by 7.69 percent to SR0.14. Almasane Alkobra Mining Co. and the Mediterranean and Gulf Insurance and Reinsurance Co. also shined among gainers, with their shares increasing by 7.05 percent and 6.72 percent, reaching SR63.80 and SR25.40 respectively.
Almunajem Foods Co. and Methanol Chemicals Co. were also listed among the notable achievers.
Conversely, Fawaz Abdulaziz Alhokair Co. led the laggards with its share price tumbling by 8.04 percent to SR10.06. Al-Babtain Power and Telecommunication Co. and Ash-Sharqiyah Development Co. also felt the sting of the market, with their shares decreasing by 7.39 percent and 4.45 percent, closing at SR41.35 and SR20.20, respectively.
Additional stocks that wrestled with losses included Arabian Contracting Services Co. and East Pipes Integrated Co. for Industry.
On the Nomu front, Future Care Trading Co. emerged as the top gainer, with its share value soaring by 11.05 percent to SR15.28. Professional Medical Expertise Co. and Osool and Bakheet Investment Co. followed suit, with their shares appreciating by 8.42 percent and 4.53 percent, concluding at SR103 and SR41.50, respectively.
Sure Global Tech Co. and Ghida Alsultan for Fast Food Co. were also among the prominent gainers on Nomu.
The downside of Nomu saw Leen Alkhair Trading Co. experiencing a notable share price decline, plummeting by 7.72 percent to SR26.90. Almuneef Co. for Trade, Industry, Agriculture and Contracting and Riyadh Steel Co. faced similar fates, with their shares shrinking by 7.68 percent and 6.25 percent, settling at SR51.70 and SR30, respectively.
Molan Steel Co. and Mayar Holding Co. rounded out the list of significant decliners on Nomu.