RIYADH: Saudi Arabia’s Tadawul All Share Index declined 2.87 points, or 0.03 per cent, to end at 10,588.58 on Monday.
While MSCI Tadawul 30 index fell 0.10 per cent to 1,452.66, parallel market Nomu slipped 0.76 per cent to 18,761.95.
TASI’s benchmark index had a total trading turnover of SR4.46 billion ($1.19 billion) on Monday, with 101 stocks advancing and 109 retreating out of 224 listed.
On February 6, Saudi Reinsurance Co was the biggest gainer, rising 5.73 percent to SR16.98.
Other top gainers were Basic Chemical Industries Company, Riyadh Cables Group Company, Saudi Industrial Investment Group and Elm Company.
The worst performer of the day was Salama Cooperative Insurance Company, which fell 3.81 per cent to SR16.16.
Other poor performers included Etihad Ateeb Telecommunication Company, Riyadh Bank, Alinma Bank and The Mediterranean and Gulf Insurance and Reinsurance Company.
In sectoral indices, 11 of the 21 listed on the stock exchange declined, while the rest advanced.
The Software and Services index was a clear winner, with the industry rising 2.98 per cent to 38,040.86 and all five components moving in the green.
On the other hand, the Food and Beverages index fell 1.23 percent to 4,772.11. Of the 10 components of the region, five advanced and the rest fell.
On the announcements front, Tihama Advertising and Public Relations Company on Monday informed that the stock exchange has issued its prospectus for capital increase through SR350 million rights issue.
To raise capital by up to 700 percent, the company plans to offer 35 million shares at SR10 per share.
Tihama aims to finance expansion plans and future investments, support working capital and pay off financial liabilities. The company’s share price rose 2.38 percent to SR94.8.
Abdullah Saad Mohamed Abo Moaati, for Bookstores Company, announced that its financial statements for the third quarter ended December 31, 2022, may miss the disclosure deadline due to a cyberattack on its servers on December 8, 2022.
Abo Moati said that the cyber attack resulted in the loss of financial data from November 4 to December 7, 2022. However, it restored the data via hardcopy backup.
The company also assigned a recognized cyber security company to check the systems and network for smooth and normal running of the operations. Its share price fell 2.46 percent to SR27.75.
Meanwhile, Leejam Sports Company on February 5 signed an MoU with UAE-based healthcare provider Burjeel Holding Company to launch a partnership in physiotherapy and sports health services in Saudi Arabia.
The sports company said in a statement to Tadawul that the two companies are planning to set up a new company in a 50-50 partnership.
The partnership aims to establish and operate a network of physiotherapy, rehabilitation and sports health care clinics within and outside the Legum centers in the Kingdom.
This will also include the provision of physiotherapy and related wellness services, with a special focus on sports medicine and advanced rehabilitation therapies, the statement said. Share price of Leejam Sports closed flat at SR86.4.