https://arab.news/jgzh3
RIYADH: Saudi Arabia’s Tadawul All Share Index rebounded on Tuesday, as it gained 67.21 points, or 0.55 percent, to close at 12,333.67.
The total trading turnover of the benchmark index was SR5.78 billion ($1.54 billion), with 105 stocks advancing and 128 retracting.
Saudi Arabia’s parallel market Nomu, however, shed 265.24 points to close at 31,379.57.
The MSCI Tadawul Index gained 13.95 points to 1,535.59.
The best-performing stock on the main market was Al Hassan Ghazi Ibrahim Shaker Co. The firm’s share price increased by 5.80 percent to SR31.
The share price of Nice One Beauty Digital Marketing Co. also rose by 5.23 percent to SR68.40.
Mobile Telecommunication Co. Saudi Arabia, also known as Zain KSA, witnessed its share price increasing by 5.06 percent to SR10.80.
Conversely, Anaam International Holding Group’s share price dropped by 5.11 percent to SR23.42.
On the announcements front, First Milling Co. said that its net profit for 2024 reached SR250.9 million, representing a rise of 13.94 percent compared to the same period in 2023.
According to a Tadawul statement, the company’s revenue increased by 8.77 percent year on year to SR1.04 billion in 2024.
First Milling Co. added that its net profit for the fourth quarter of 2024 stood at SR66.4 million, marking a 15.47 percent compared to the same period in 2023.
Compared to the third quarter, the company’s net profit increased by 8.31 percent in the final three months of 2024.
The share price of First Milling Co. edged up by 1.46 percent to SR62.40.