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RIYADH: Saudi Arabia’s Tadawul All Share Index closed flat on Monday, slipping 0.26 factors to 11,256.39.
Whereas the parallel market Nomu misplaced 35.84 factors to complete at 21,058.53, the MSCI Tadawul Index inched up 1.12 % to finish at 1,514.66.
The overall buying and selling turnover of the benchmark index on Monday was SR5.57 billion ($1.49 billion).
The perfect performer of the day was Ash-Sharqiyah Improvement Co., whose share worth soared 9.91 % to SR21.08.
Different prime performers had been Salama Cooperative Insurance coverage Co. and Saudi Co. for {Hardware}, whose share costs surged 9.91 % and 6.70 %, respectively.
Tihama Promoting and Public Relations Co. was the worst performer of the day. The corporate’s share worth dropped 10 % to SR20.88.
On the bulletins entrance, Al-Jouf Agricultural Improvement Co. knowledgeable Tadawul that it earned a web revenue of SR20.07 million within the first quarter of this yr, up 31.8 % from SR15.23 million in the identical interval of 2022, pushed by increased income from gross sales. The corporate’s share worth superior 3.09 % to SR56.70.
One other agency that introduced its monetary outcomes for the primary quarter was Nama Chemical compounds Co., reporting a web lack of SR18.8 million within the first three months of 2023 in opposition to a web revenue of SR33.40 million in the identical interval a yr in the past. Regardless of reporting a loss within the first quarter, Nama Chemical compounds Co.’s share worth rose 0.14 % to SR36.15.
In the meantime, the online revenue of Saudi Automotive Companies Co. skyrocketed 75.44 % within the first quarter to SR14.07 million, in comparison with SR8.02 million in the identical interval of 2022. The agency’s share worth slid 2.68 % to SR39.90.
Bawan Co. knowledgeable the Saudi Inventory Alternate that its web revenue declined by 31.41 % within the first quarter to SR34.53 million, in comparison with SR50.34 million in the identical interval a yr in the past.
United Electronics Co., also referred to as eXtra, reported a web revenue of SR84.44 million for the primary quarter of 2023, down 13.40 % from SR97.51 million in the identical quarter of 2022. The agency’s share costs edged up 0.79 % to SR77.
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