RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward move for the seventh day in a row on Sunday as it rose 46.52 points, or 0.44 per cent, to 10,636.62, boosting investor confidence.
On Sunday, parallel market Nomu also closed up 95.16 points, or 0.48 per cent, at 19,987.19, while the MSCI Tadawul 30 index advanced 0.46 per cent to 1,442.14.
The total trading turnover of the benchmark index was SR5.09 billion ($1.36 billion).
At the end of the trading session, the top gainer was Filing and Packing Materials Manufacturing Company, whose share prices rose 10 percent to SR42.90.
Other top gainers of the day included Techwin Advanced Industries Company and Arabian Internet and Communications Services Company, whose share prices rose by 9.84 per cent and 8.2 per cent, respectively.
The worst performer on Sunday was Arabian Drilling Company. The company’s share prices fell 4.84 percent to SR145.40.
Meanwhile, Tadawul suspended the trading of five companies namely Mediterranean and Gulf Insurance and Reinsurance Company, Anam International Holding Group, Alkhaleej Training and Education Company, Saudi Industrial Development Company and Red Sea International Company after they failed. Publish your financial statements for the year ended 31st December.
The suspension was limited to Sunday, and trading will resume on Monday. These companies have now been asked to disclose their financial statements before May 7.
According to Tadawul, if any of these companies fail to comply, the suspension will start again from May 8, and will continue till the day the firms announce the financial details.
On the announcements front, the board of directors of Senomi Centers decided to distribute 10 percent of capital or SR475 million as special cash dividend, equivalent to SR1 per share, for the third quarter ending December 31, 2022.
According to a press statement, the eligibility and distribution dates for the dividend will be on April 4 and 25.
The special dividend is attributed to Senomi Centers’ incredible business results, outstanding achievements in expanding operations and proceeds from the Company’s successful program to sell non-core assets.
On March 30, Senomi Centers reported a net profit of SR837 million in the short fiscal year from April 1 to December 31, 2022, a 45 percent increase from SR578.4 million a year earlier.
Share prices of Senomi Centers rose 7.36 percent to SR21.88, driven by an increase in profit and dividend announcements.