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  • 30-01-23

    Saudi Arabia’s main index ends Sunday’s session 0.16 percent higher

    (MENAFN) Saudi Arabia’s Tadawul All Share Index on Sunday recorded increases of 17.84 points — or 0.16 percent — to finish standing at 10,839.49.

    Whereas MSCI Tadawul 30 Index closed unaffected standing at 1,499.46, the similar market Nomu dropped 73.53 points to reach 19,252.34.

    TASI’s overall exchange turnover of the main index on Sunday reached an amount of SR3.24 billion (USD860 million), with 104 shares of the registered 223 increasing and 101 decreasing.

    Fawaz Abdulaziz Alhokair Co., also recognized as Cenomi Retail, was the leading earner of the session, surging 9.98 percent to reach SR17.64. Cenomi Retail on Sunday told the trade of its plans to divest 26 non-strategic brands to elaborate its brand portfolio.

    In the first stage of its alteration plan, the franchise retailer has chosen to divest three brands below Azal restaurant as well as Shawarma Almuhalhl for SR25 million (nearly USD6.6 million).

    The firm stated that it seeks to concentrate on “champion brands” winning the No. 1 or No. 2 spots in their industries.

    MENAFN30012023000045014228ID1105493430

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