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RIYADH: Saudi Arabia’s Tadawul All Share Index fell 44.35 factors, or 0.39 %, to shut at 11,348.48 on Sunday, as 99 of the 224 shares closed within the inexperienced and 106 within the crimson.
Whereas the parallel market Nomu tumbled 4.07 % to shut at 20,397.31, the MSCI Tadawul Index dropped barely by 0.61 % to shut at 1,526.58.
The overall buying and selling turnover of the benchmark index was SR4.51 billion ($1.2 billion).
Al-Baha Funding and Growth Co. was the highest performer of the day, as its share worth soared 9.99 % to SR17.84.
Alkhaleej Coaching and Schooling Co. and Al-Rajhi Co. Cooperative Insurance coverage additionally noticed positive aspects, with their share costs rising by 6.42 % and eight.29 %, respectively.
The worst performer was Etihad Etisalat Co., which dropped 3.30 % to SR45.35.
On the bulletins entrance, Maharah Human Assets Co. introduced a 46.94 % improve in web revenue to SR36.47 million in comparison with SR24.82 million in the identical quarter of 2022.
It booked income of SR463.08 million, up 21.45 % from the SR381.28 million recorded within the earlier yr. Its share worth closed decrease at SR62.30.
Tanmiah Meals Co. confirmed a 1,300 % improve in web revenue to SR21 million within the first quarter of 2023 in comparison with SR1.5 million within the year-ago interval.
It was on account of a non-recurring, one-time achieve attributed to the latest sale of Supreme Meals Processing Co. to Tyson Meals.
The corporate additionally witnessed a 42.25 % improve in revenues to SR484.5 billion in the course of the first quarter of 2023 from SR340.6 billion throughout the identical interval final yr. Its share worth closed decrease at SR145.20.
Elm Co. introduced a 28.8 % improve in web revenue to SR322 million in the course of the first quarter of 2023 from SR250 million within the year-ago interval.
The corporate reported a rise in revenues by 17.95 % to SR1.29 billion in 2023 from SR1.1 billion within the earlier yr. The expansion was attributed to the corporate’s digital enterprise phase. Its share worth closed larger at SR470.
Arabian Drilling reported a 50 % improve in web revenue to SR141 million in the course of the first quarter of 2023 from SR94 million within the year-ago interval.
The corporate additionally reported a 30.05 % improve in revenues to SR779 million between January and March 2023 from SR599 million throughout the identical interval final yr.
The corporate ascribed the rise to 2 new offshore rigs that began in December 2022. Its share worth soared 2.37 % to shut at SR153.
Nationwide Medical Care Co. recorded a 87.6 % improve in web revenue to SR56.3 million in the course of the first quarter of 2023 from SR29.99 million within the year-ago interval.
Income rose 23.6 % to SR261.4 million in 2023 from SR211.48 million in the identical quarter of 2022. Its share worth climbed 3.48 % to complete at SR97.90.
Hail Cement Co. reported a web revenue of SR18.5 million in the course of the first quarter of 2023 in comparison with a lack of SR6.89 million within the year-ago interval.
The corporate defined that it noticed a decline in uncooked supplies and the price of gross sales, which offset the lower in gross sales.
Income dropped 9.86 % to SR61.85 million within the first quarter of 2023 from SR68.61 million. Its share worth closed decrease at SR12.24.
Saudi Chemical Co. reported a 1.34 % lower in web revenue to SR32.27 million in the course of the first quarter of 2023 from SR32.71 million within the year-ago interval.
Its income elevated 15 % to SR1.04 billion from SR904 million in the course of the interval below overview. The corporate’s share worth fell 1.41 % to shut at SR32.05.
Saudi Vitrified Clay Pipes Co. introduced a web lack of SR2.9 million for the primary quarter of 2023 in comparison with a revenue of SR1.27 million within the year-ago interval.
The corporate introduced income of SR20.6 million, an increase of 11.35 % from the SR18.5 million recorded within the previous yr. Its share worth jumped 2.18 % to shut larger at SR46.
Murabaha Versatile Finance Co. introduced its upcoming preliminary public providing on the first market of the Saudi Inventory Trade.
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