Latest news with #Al-RajhiCo.forCooperativeInsurance
Arab News
09-04-2025
- Business
- Arab News
Closing Bell: Saudi Arabia's benchmark index closes in red at 11,096
RIYADH: Saudi Arabia's Tadawul All Share Index concluded Wednesday's trading session at 11,096.65 points, marking a decrease of 206.11 points, or 1.82 percent. The total trading turnover of the benchmark index was SR6.83 billion ($1.82 billion), as 23 stocks advanced, while 225 retreated. The MSCI Tadawul Index also declined by 23.02 points, or 1.61 percent, to close at 1,409.46. The Kingdom's parallel market, Nomu, reported a decrease as well, declining by 103.58 points, or 0.36 percent, to close at 28,369.89 points. This comes as 24 of the listed stocks advanced, while 57 retreated. The index's top performer, Raoom Trading Co., saw a 3.56 percent increase in its share price to close at SR168.80. Other top performers included Al-Rajhi Co. for Cooperative Insurance, which saw a 2.86 percent increase to reach SR129.60, while Saudi Paper Manufacturing Co.'s share price rose by 2.74 percent to SR60. Almoosa Health Co. also recorded a positive trajectory, with share prices rising 2.49 percent to reach SR140. Saudia Dairy and Foodstuff Co. also witnessed positive gains, with a 1.55 percent increase, reaching SR301.60. Bank Albilad led losses on the main index, falling 6.39 percent to SR32.25, followed by Sadr Logistics Co., which dropped 6.08 percent to SR2.78. Kingdom Holding Co. also registered a notable fall of 5.87 percent, closing at SR7.86. Other significant decliners included Sustained Infrastructure Holding Co., down 5.85 percent, and Derayah Financial Co., which lost 5.83 percent. On the parallel market Nomu, Balady Poultry Co. was the top gainer, with its share price surging by 13.79 percent to SR330. Other top gainers in the parallel market included Tam Development Co., which jumped 8.55 percent to SR165.00, and Balsm Alofoq Medical Co., which rose 8.19 percent to SR77.90. Digital Research Co. and Al-Razi Medical Co. were the other top gainers on the parallel market. Knowledge Net Co. was the biggest decliner on Nomu, with its share price falling 10.98 percent to SR30. Naas Petrol Factory Co. and Mulkia Investment Co. also posted steep losses, dropping 9.09 percent to SR60 and 8.89 percent to SR41, respectively.
Arab News
02-03-2025
- Business
- Arab News
Closing Bell: Saudi main index edges down 0.63% to close at 12,035
RIYADH: Saudi Arabia's Tadawul All Share Index closed lower on Sunday, dropping 76.45 points, or 0.63 percent, to settle at 12,035.45. The benchmark index's total trading volume reached SR3.45 billion ($922 million), with 37 stocks advancing and 209 declining. Nomu, the Kingdom's parallel market, gained 177.88 points, or 0.57 percent, to close at 31,582.35. Of the listed stocks, 26 advanced, while 61 saw declines. The MSCI Tadawul Index fell by 2.59 points, or 0.17 percent, to close at 1,512.22. The top performer of the day was Saudi Cable Co., whose share price surged by 5.79 percent, reaching SR131.60. Other notable performers included Elm Co., whose share price rose by 4.24 percent, closing at SR1,110, and Middle East Pharmaceutical Industries Co., which saw a 1.96 percent increase, closing at SR135.40. On the downside, SAL Saudi Logistics Services Co. experienced the largest decline, falling by 9.98 percent to SR220.20. Batic Investments and Logistics Co. also saw a significant drop of 9.76 percent, closing at SR3.05, while Al-Baha Investment and Development Co. saw its stock price fall by 7.32 percent, ending at SR0.38. On the announcements front, Saudi Tadawul Group Holding Co. reported its annual financial results for the year ending Dec. 31, 2024. The company posted a net profit of SR621.8 million, reflecting a 59.4 percent increase compared to 2023. This growth was driven by a 34.8 percent rise in operating revenues, an 18.3 percent increase in operating expenditures, a 59.4 percent increase in earnings per share, a 50.3 percent rise in gross profit, and a 72.4 percent jump in operational profit. Saudi Tadawul Group Holding Co. ended the session at SR213, down 0.47 percent. Retal Urban Development Co. also reported its annual results for the year ending Dec. 31, 2024. The company posted a net profit of SR266.12 million in 2024, marking a 31.51 percent increase from the previous year. This increase was driven by a 32 percent rise in gross profit to SR499.65 million, along with a surge in equity-accounted investment results, totaling SR71.10 million. This performance came despite higher general and administrative expenses and increased finance costs. Retal Urban Development Co. ended the session at SR16.06, up 0.25 percent. Al-Rajhi Co. for Cooperative Insurance announced its financial results for the year ending December 31, with a net profit of SR332.3 million in 2024, reflecting a 1.3 percent increase compared to 2023. The increase is attributed to higher insurance service results before Re-takaful and a decrease in insurance service results for the year, alongside an uptick in operating expenses, a drop in total comprehensive income, and a rise in gross written premiums. Al-Rajhi Co. for Cooperative Insurance closed at SR165, down 2.04 percent. Shatirah House Restaurant Co. (BURGERIZZR) reported its financial results for the year ending Dec. 31, 2024, showing a net profit of SR8.44 million, a decrease of 31.25 percent compared to 2023. Despite a 7.3 percent increase in gross profit, the decline in net profit was attributed to a 10 percent rise in selling expenses, a 26.9 percent increase in administrative expenses, and other factors. Shatirah House Restaurant Co. closed the session at SR21.50, down 2.85 percent.
