RIYADH: Saudi Arabia's Tadawul All Share Index gained 104.57 points, or 0.90 percent, to close at 11,771.69 on Sunday.
The benchmark index saw total trading volume of SR5.09 billion ($1.35 billion), with 162 stocks advancing and 61 declining.
The parallel market of the Kingdom of Nomu fell 293.95 points, or 1.14 percent, to close at 25,521.34. This comes while 28 stocks advanced and 39 retreated.
The MSCI Tadawul index rose 17.22 points, or 1.18 percent, to close at 1,480.07.
Thimar Development Holding Co. led the day's stock performance, with its share price jumping 9.97 percent to SR40.80.
Other notable gains include Al-Babtain Power and Telecommunication Co. and Fawaz Abdulaziz Alhokair Co.
The worst performer was Baazeem Trading Co., whose share price fell 9.05 percent to SR6.53.
Among other notable dividers are Wafrah for Industry and Development Co. and Al Moammar Information Systems Co.
In terms of announcements, Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, reported interim financial results for the period ended June 30.
The company posted a net loss of SR67.6 million in the first half, compared with a net profit of SR113.8 million in the same period last year, according to a Tadawul filing.
The decline was primarily due to lower revenues, a slight drop in sales, general and administrative expenses, an increase in net finance costs and lower zakat and income tax expenses, despite an increase in other operating income.
Al Gassim Investment Holding Co. reported a net loss of SR 3.58 million for the first half of 2024, down from a net profit of SR 1.39 million in the same period last year.
This turnaround was primarily due to an increase in zakat provisions, higher general and administrative expenses and a rise in provisions for expected credit losses. In addition, lower financing income and, despite higher other income, contributed to the loss.
Al-Moammar Information Systems Co. reported a net profit of SR116 million for the period ended June 30, up 20 percent from the same period in 2023. The increase was driven by a one-off gain of SR80 million from the sale of shares in its associate firm Edarat and the valuation of data center units.
Saudi Awwal Bank announced that its board of directors has approved the distribution of a cash dividend of SR 2.05 billion for the first half of fiscal year 2024.
According to a Tadawul filing, the dividend will be distributed on 2.05 billion shares with a dividend of SR1 per share after deducting zakat. The dividend is 10 percent of the nominal value of the share.
