https://arab.news/wqdfv
RIYADH: Saudi Arabia’s Tadawul All Share Index rebounded on Tuesday, as it gained 56.90 points or 0.46 percent to close at 12,433.93.
The main index witnessed a total trading turnover of SR6.30 billion ($1.68 billion), with 155 stocks advancing and 70 retreating.
The Kingdom’s parallel market, Nomu, also gained 139.99 points to close at 31,197.37.
The MSCI Tadawul Index edged up by 0.44 percent to close at 1,548.61.
The best-performing stock on the main market was Kingdom Holding Co. The firm’s share price increased by 8.89 percent to SR10.78.
The share price of Allied Cooperative Insurance Group increased by 7.25 percent to SR16.86.
National Medical Care Co. also saw its stock price climb by 4.63 percent to SR162.60.
Conversely, the share price of Al-Babtain Power and Telecommunication Co. declined by 4.02 percent to SR44.20.
On the announcements front, Arab National Bank said that it completed the issuance of riyal-denominated additional Tier 1 sukuk through a private placement in the Kingdom.
The sukuk issuance was completed under the financial institution’s SR11.25 billion additional Tier 1 capital sukuk program, at a value of SR3.35 billion.
Arab National Bank saw its share price increase by 0.09 percent to close at SR21.52
Bank Albilad said that its net profit in 2024 reached SR2.8 billion in 2024, representing a rise of 18.47 percent compared to the previous year.
In a Tadawul statement, the financial institution said that the increase in net profit was driven by an 8 percent rise in net income from investing and financing assets, despite return on deposits and financial liabilities increased by 20 percent.
The share price of Bank Albilad, however, declined by 0.51 percent reaching SR38.65.