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RIYADH: Saudi Arabia’s Tadawul All Share Index remained secure on Sunday, with a slight improve of seven.63 factors, or 0.07 %, to shut at 11,715.50 factors.
The full worth traded in the course of the day was SR6.75 billion ($1.8 billion), with Bawan Co., Tools Home, and Al Mawarid Manpower Co. being the highest performers of the day.
The market witnessed 96 shares advance and 122 retreat, with the three worst performers being Salama Cooperative Insurance coverage Co., Al Baha Funding and Improvement Co. and Thimar Improvement Co.
Parallel market Nomu surged 150.67 factors, or 0.65 %, to shut at 23,191.43 with 24 gainers and 26 losers.
Then again, MSCI Tadawul 30 Index rose by 1.88 factors, or 0.12 %, to shut at 1,541.99 factors.
From Sunday’s bulletins, Jarir Advertising and marketing Co., a Saudi-based retailing chain, declared its monetary outcomes for the primary half of 2023 with a lower in income in comparison with the identical interval final yr.
In response to its bourse submitting, Jarir pursued a discounting technique within the first half of the yr, which led to a rise in gross sales of 19.9 % to SR5.15 billion, in contrast with SR4.29 billion in the identical interval final yr.
Nonetheless, the rise in gross sales with discounted costs led to a lower of 1.8 % in year-on-year gross revenue to SR563.3 million within the first half of 2023, in contrast with SR573.6 million throughout the identical interval final yr.
Jarir shares closed with a lower of 1.57 % on Sunday, with 2.22 million traded.
Then again, Saudi Arabia’s diary big Almarai Co. registered a rise in its monetary outcomes for the primary half of the yr with SR9.85 billion in income and SR1.19 billion in web revenue, an annual development of 8.17 and 26.71 %, respectively.
Almarai’s improve in income was primarily pushed by its poultry and dairy companies, in accordance with an announcement on Tadawul.
Moreover, the corporate witnessed a slight decline in its monetary figures within the second quarter of 2023 in comparison with the quarter earlier than, as income decreased by 5.41 % and web revenue by 12.28 %.
The corporate’s share worth fell 1.8 % to SR65.50.
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