RIYADH: Saudi Arabia's Tadawul All Share index rose 6.73 points, or 0.06 percent, to close at 12,195.05 on Sunday.
The benchmark index traded a total of SR6.12 billion ($1.63 billion), with 74 of the listed stocks advancing and 154 retreating.
The MSCI Tadawul index also closed in the green, up 2.46 points, or 0.16 percent, to close at 1,529.46.
The parallel market of the Kingdom of Nomu rose 67.8 points, or 0.26 percent, to close at 25,770.14. This comes from the fact that 27 of the listed stocks advanced and 34 retreated.
The best performing stock of the day was Saudi Manpower Solutions Co., which rose 9.88% to SR 10.34.
Other top performers included Maharah Human Resources Co. and Al-Baha Investment and Development Co., whose shares soared 8.35% and 8.33% to SR6.88 and SR0.13, respectively.
The worst performer was Electrical Industries Co., whose share price fell 5.51 percent to SR 6.00.
Other notable decliners included Alinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Co., with shares down 3.38 percent to SR8.29 and 3.25 percent to SR29.80, respectively.
As for the reports, Saudi Tadawul Holding Co. reported an increase in profits to SR 146 million for the second quarter of 2024, reflecting a 55 percent increase from SR 105.2 million in the same period last year.
The company attributed this growth to a 50.3 percent increase in operating revenue, which reached SR 741.1 million in the first half of 2024, compared to SR 493.0 million in the corresponding period of the previous year.
According to the stock exchange release, Saudi Arabian Amiantit Co. reported a net profit of SR 5.11 million for the second quarter of 2024, reversing a net loss of SR 10.08 million from the same quarter last year, an improvement of 150.7 percent.
This positive shift was driven by a 17.4 percent increase in revenue due to higher sales and higher new orders.
Kingdom Holding Co., Sumou Holding Co. and Jeddah Economic Co. signed an agreement to establish a new SR6.8 billion fund to acquire Alinma Jeddah Economic Fund, which is currently wholly owned by Jeddah Economic Co. Kingdom Holding Co. 40 percent of the shares of the new fund.
