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RIYADH: Saudi Arabia’s Tadawul All Share Index fell on Sunday, dropping 58.44 factors, or 0.49 %, 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 % 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 % in its share worth to SR23.
The opposite gainers have been Walaa Cooperative Insurance coverage Co., rising 3.83 % to succeed in SR19, and Saudi Airways Catering Co. rising 3.49 % to hit SR124.6.
The worst performer of the day was United Worldwide Transportation Co., which slid 5.29 % to SR68.
The opposite losers have been Aldrees Petroleum and Transport Providers Co., which fell 4.61 % to a unit worth of SR115.8, and Saudi Arabian Amiantit Co. which recorded a drop of 4.22 % to SR46.5.
The unit worth of the Derayah REIT fund reached SR8.99, dropping 18 % in 52 weeks, whereas the Al Rajhi REIT fund stood at SR8.91, recording a fall of 8 % throughout that interval.
On the bulletins entrance, Saudi telecom operator Etihad Etisalat Co., generally known as Mobily, noticed its earnings soar 41.7 % within the second quarter of 2023. Mobily recorded a web revenue of SR497 million, up from SR360 million for a similar interval a 12 months earlier, it mentioned in a bourse assertion.
Primarily pushed by development within the enterprise phase, the corporate mentioned its revenues totaled SR4.25 billion, registering a development of 9 % 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 % to succeed in SR2.4 million.
The Kingdom’s Nationwide Agricultural Improvement Co. recorded a 136.9 % surge in earnings through the second quarter of 2023, helped by a surge in gross sales of dairy and meals processing merchandise, the corporate mentioned 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 consequence to a 12.67 % development in gross sales of dairy and meals processing merchandise, resulting in an 11 % income enhance.
The Nationwide Delivery Co. of Saudi Arabia, higher generally known as Bahri, additionally noticed its revenue surge 287 % through 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 earnings of SR495.38 million, up from SR128 million a 12 months in the past, a bourse submitting confirmed.
The sturdy revenue was bolstered by increased 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 % enhance in its web revenue to SR3 billion within the second quarter of 2023.
Within the first half of 2023, the telecommunications agency reported a 4 % rise to SR6.1 billion.
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