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12-06-23

TASI closes Sunday's session with minor decrease of 1.01 point

(MENAFN) Tadawul All Share Index, the primary stock market index of Saudi Arabia, remained relatively stable on Sunday, registering a minor decrease of 1.01 points, or 0.01 percent, to conclude at 11,396.13. The benchmark index witnessed a total trading turnover of SR5.53 billion ($1.47 billion), with 120 stocks demonstrating gains while 91 experienced declines.

On the other hand, the parallel market, known as Nomu, faced a drop of 21.25 points, closing at 21,828.43. Similarly, the MSCI Tadawul Index recorded a decline of 1.40 points, ending at 1,508.01.

Among the actively traded stocks, Thimar Development Holding Co. emerged as the top performer, with its share price rising by 9.87 percent to SR36.75. Saudi Pharmaceutical Industries and Medical Appliances Corp. and Astra Industrial Group were also notable gainers, witnessing increases of 7.53 percent and 6.69 percent, respectively.

Saudi Pharmaceutical Industries and Medical Appliances Corp. issued a statement through Tadawul, announcing that its board of directors had recommended the repurchase of up to 815,000 shares. This represents approximately 0.68 percent of the company's total shares, which will be allocated to the long-term incentive program for employees.

Conversely, National Gas and Industrialization Co. experienced the largest decline of the day, with its share price dropping by 4.38 percent.

Despite the slight fluctuations, the overall market sentiment remained relatively stable, with moderate trading activity observed on the Saudi stock exchange. The performance of individual stocks varied, with certain companies demonstrating positive momentum while others experienced declines.
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