RIYADH: Saudi Arabia’s Tadawul All Share Index rose 13.55 points, or 0.13 percent, to close at 10,809.15 on Wednesday.
While MSCI Tadawul 30 index ended 2.07 points higher at 1,497.91, parallel market Nomu gained 104.71 points to close at 19,268.76.
TASI’s benchmark index had a total trading turnover of SR4.11 billion ($1.09 billion) on Wednesday, with 117 stocks advancing and 83 falling out of 223 listed.
Abdulmohsen Alhokair Group was the day’s top gainer, rising 9.91 percent to SR21.74. Other top gainers were Alinma Tokio Marine Company, Al Alamiya for Cooperative Insurance Company, Dalla Healthcare Company and Saudi Reinsurance Company.
The worst performer on Wednesday was Arabian Drilling Company, which fell 2.19 per cent to SR134. Other poor performers included Al-Jouf Agricultural Development Company, Zahrat Al Waha for Trading Company, Saudi Airlines Catering Company and Tourism Enterprise Company.
Among sectoral indices, eight of the 21 listed on the stock exchange declined, while banking indices ended flat and the rest advanced.
The Health Care Equipment and Services index was the top performer as it advanced 1.82 percent to 9,360.13, thanks to Dalla Healthcare Co., which rose 5.31 percent to SR134.80. Of the seven constituent stocks, five advanced while the rest declined.
The Pharma, Biotech and Life Sciences index was the worst performer of the day, falling 1.28 per cent to 3,063.33.
On the announcements front, Arabian Centers Company, also known as Senomi Centres, informed the exchange that its shareholders have approved the establishment of a Sharia-compliant sukuk program worth up to SR4.5 billion for two years from the inception date. has approved.
Sukuk will be issued from time to time domestically, in single or multiple issuances, as part of the Company’s long-term policy to transition to more flexible, unsecured public markets financing. Share price of Senomi Centers remained flat at SR19.98.
On 25 January the Scientific and Medical Equipment House Company also announced that it had sealed a SR265 million Sharia-compliant credit facility agreement with Alinma Bank. The financing period will end on September 30, 2023, the statement said.
The contract returns and the assignment of promissory notes guarantees the loan. Its objective is to finance newly awarded projects, including working capital funds and to avoid liquidity crunch. The company’s share price rose marginally to close at SR66.5.
The shareholders of Al-Jouf Mineral Water Bottling Company approved a 50 per cent increase in capital through a one-to-two bonus share distribution during their extraordinary general meeting on 24 January. The decision will increase the capital from SR31.25 to SR48 million. million currently. Al-Jouf’s share price rose 2.41 percent to SR27.65.
Meanwhile, Saudi Franchisee Capital announced the payment of a cash dividend of 1.6 percent, or SR0.16 per unit, to Talim REIT Fund unitholders for the period October 1 to December 31, 2022, taking the total disbursement to SR8.16 million. Gone. Share price of Talim REIT rose 1.18 per cent to SR12.