
Closing Bell: Saudi main index closes in green at 12,334
The total trading turnover of the benchmark index was SR5.78 billion ($1.54 billion), with 105 stocks advancing and 128 retracting.
Saudi Arabia's parallel market Nomu, however, shed 265.24 points to close at 31,379.57.
The MSCI Tadawul Index gained 13.95 points to 1,535.59.
The best-performing stock on the main market was Al Hassan Ghazi Ibrahim Shaker Co. The firm's share price increased by 5.80 percent to SR31.
The share price of Nice One Beauty Digital Marketing Co. also rose by 5.23 percent to SR68.40.
Mobile Telecommunication Co. Saudi Arabia, also known as Zain KSA, witnessed its share price increasing by 5.06 percent to SR10.80.
Conversely, Anaam International Holding Group's share price dropped by 5.11 percent to SR23.42.
On the announcements front, First Milling Co. said that its net profit for 2024 reached SR250.9 million, representing a rise of 13.94 percent compared to the same period in 2023.
According to a Tadawul statement, the company's revenue increased by 8.77 percent year on year to SR1.04 billion in 2024.
First Milling Co. added that its net profit for the fourth quarter of 2024 stood at SR66.4 million, marking a 15.47 percent compared to the same period in 2023.
Compared to the third quarter, the company's net profit increased by 8.31 percent in the final three months of 2024.
The share price of First Milling Co. edged up by 1.46 percent to SR62.40.
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Arab News
3 days ago
- Arab News
Closing Bell: TASI closes at 10,791 with active trading of $1.24bn
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Saudi Gazette
7 days ago
- Saudi Gazette
Saudi stock market may open to global investors, regulator says
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Argaam
06-08-2025
- Argaam
Tadawul seeks public input on draft amended market rules
In a statement, Tadawul added that this initiative comes as part of its commitment to involving stakeholders in providing their views regarding the market's regulatory framework. The revisions aim to broaden the categories of qualified investors in the Nomu – Parallel Market by introducing a new investor category and easing the eligibility criteria for trading and investing in Nomu. These changes are expected to have a positive impact on the financial market. The draft also includes adjustments to the market capitalization requirement for public ownership, along with revisions to the total market capitalization requirement on the listing date for all shares intended to be listed on Nomu. Additional amendments have been proposed to align with the Capital Market Authority (CMA) regulations and to comply with the recently updated Companies Law. Tadawul noted that feedback will be accepted until Aug. 19 via the email address provided below: It added that all opinions and comments will be given due consideration and reviewed for the purpose of approving the final version of the project.