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RIYADH: Saudi Arabia’s Tadawul All Share Index fell on Sunday, dropping 58.44 factors, or 0.49 p.c, to shut at 11,789.28.
The entire buying and selling turnover of the benchmark index was SR4.86 billion ($1.3 billion) as 63 of the listed 228 shares declined, whereas 149 superior.
Whereas MSCI Tadawul 30 Index dropped 9.8 factors to complete at 1,555.56, the parallel market Nomu rose 2.19 p.c to shut at 25,056.18.
The Nationwide Delivery Co. of Saudi Arabia was the highest gainer of the day, with an increase of 4.4 p.c in its share worth to SR23.
The opposite gainers have been Walaa Cooperative Insurance coverage Co., rising 3.83 p.c to achieve SR19, and Saudi Airways Catering Co. rising 3.49 p.c to hit SR124.6.
The worst performer of the day was United Worldwide Transportation Co., which slid 5.29 p.c to SR68.
The opposite losers have been Aldrees Petroleum and Transport Providers Co., which fell 4.61 p.c to a unit worth of SR115.8, and Saudi Arabian Amiantit Co. which recorded a drop of 4.22 p.c to SR46.5.
The unit worth of the Derayah REIT fund reached SR8.99, dropping 18 p.c in 52 weeks, whereas the Al Rajhi REIT fund stood at SR8.91, recording a fall of 8 p.c throughout that interval.
On the bulletins entrance, Saudi telecom operator Etihad Etisalat Co., often known as Mobily, noticed its income soar 41.7 p.c within the second quarter of 2023. Mobily recorded a internet revenue of SR497 million, up from SR360 million for a similar interval a 12 months earlier, it stated in a bourse assertion.
Primarily pushed by development within the enterprise section, the corporate stated its revenues totaled SR4.25 billion, registering a development of 9 p.c from SR3.9 billion recorded in the identical quarter a 12 months earlier. Because of the income development, the corporate’s gross revenue elevated by 4.4 p.c to achieve SR2.4 million.
The Kingdom’s Nationwide Agricultural Improvement Co. recorded a 136.9 p.c surge in income throughout the second quarter of 2023, helped by a surge in gross sales of dairy and meals processing merchandise, the corporate stated in a bourse submitting.
It reported a revenue of SR65.13 million within the second quarter of the 12 months from SR27.49 million in the identical interval final 12 months. The corporate attributed the end result to a 12.67 p.c development in gross sales of dairy and meals processing merchandise, resulting in an 11 p.c income enhance.
The Nationwide Delivery Co. of Saudi Arabia, higher often known as Bahri, additionally noticed its revenue surge 287 p.c throughout the second quarter of 2023, following a income bounce to SR2.35 billion.
The agency, which is a three way partnership between the Public Funding Fund and Saudi Aramco, made income of SR495.38 million, up from SR128 million a 12 months in the past, a bourse submitting confirmed.
The sturdy revenue was bolstered by larger income from a number of sectors, with oil transportation gross sales rising by SR255 million and chemical substances transportation by SR209 million.
Moreover, Saudi Telecom Co. reported a 6 p.c enhance in its internet revenue to SR3 billion within the second quarter of 2023.
Within the first half of 2023, the telecommunications agency reported a 4 p.c rise to SR6.1 billion.
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