Latest news with #ElmCo
Arab News
3 days ago
- Business
- Arab News
Closing Bell: Saudi main index ends the week in green at 10,833
RIYADH: Saudi Arabia's Tadawul All Share Index edged up on Thursday, gaining 70.12 points, or 0.65 percent, to close at 10,833.59. The total trading turnover on the main index reached SR4.37 billion ($1.16 billion), with 174 stocks advancing and 74 declining. The Kingdom's parallel market Nomu gained 282.36 points to close at 26,615.66. The MSCI Tadawul Index edged up 0.72 percent to 1,401.67. The best-performing stock on the main market was Thimar Development Holding Co., which jumped 10 percent to SR40.04. Saudi Industrial Development Co. rose 9.96 percent to SR33.12, while Saudi Printing and Packaging Co. gained 5.6 percent to SR12.63. Elm Co. posted the sharpest drop, falling 3.40 percent to SR881. Theeb Rent a Car Co. declined 3.03 percent to SR62.35, Nice One Beauty Digital Marketing Co. dropped 2.62 percent to SR24.13, and Al Mawarid Manpower Co. decreased 2.59 percent to SR 128.1. On the announcements front, Group Five Pipe Saudi Co. posted a substantial increase in its net profit for the first half of the year, supported by strong sales growth, the company said in a filing on Wednesday. According to the firm's financial disclosure on the Saudi Exchange, net profit for the six months ending June 30 reached SR125.18 million, a significant rise from SR9.2 million recorded during the same period in 2024. This marks a year-on-year jump of over 1,259 percent. The increase in profit was primarily driven by volume growth and lower production costs. Group Five Pipe Saudi Co.'s share price traded 29.95 percent higher to close at SR38.96. National Signage Industrial Co., also known as Sign World, has set the price range for its initial public offering between SR12 and SR15 per share, according to a statement issued by Yaqeen Capital, the company's financial adviser and lead manager. The offering consists of 1.5 million ordinary shares, representing 20 percent of Sign World's post-listing issued share capital. The entire stake is allocated to qualified investors as part of the book-building process. Yaqeen Capital said the bidding and book-building period for qualified investors will commence on Aug. 17 and close on Aug. 24. Qualified subscribers may apply for a minimum of 10 shares and up to a maximum of 374,990 shares.
Arab News
11-06-2025
- Business
- Arab News
Closing Bell: Saudi main index holds steady at 11,005
RIYADH: Saudi Arabia's Tadawul All Share Index gained 0.49 points on Wednesday, closing at 11,005.02. The total trading turnover of the benchmark index was SR5.60 billion ($1.49 billion), with 149 of the listed stocks advancing and 89 declining. The Kingdom's parallel market Nomu, however, shed 84.03 points to close at 27,223.71. The MSCI Tadawul Index also declined by 0.07 percent to 1,405.46. Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, was the best-performing stock on the main market, as the company's share price advanced by 9.93 percent to SR19.70. Miahona Co. also saw its share price increase by 6.09 percent to SR24.38. The stock price of Americana Restaurants International PLC advanced 5.74 percent to SR2.21. Conversely, the share price of Elm Co. declined by 6.66 percent to SR959.20. The top gainer on Nomu was Meyar Co., whose share price grew 20.74 percent to SR65.20. In the parallel market, Knowledge Net Co. also saw its stock price rise by 10 percent to SR34.10. The share price of Anmat Technology for Trading Co., which debuted on the Kingdom's parallel market, climbed by 4.74 percent to SR9.95. On Tuesday, Saudi Arabia's main market also witnessed three negotiated deals worth SR23.3 million. The negotiated deals include ACWA Power's SR12.59 million, followed by Ades Holding Co.'s SR5.74 million, and Saudi Kayan Petrochemical Co.'s SR5 million. A negotiated deal indicates the purchase of a stock based on an agreement between buyers and sellers, apart from the market price. These agreements are executed under the control of Tadawul and in accordance with capital market laws and regulations. The share price of ACWA Power declined by 5.34 percent to SR255.40. Ades Holding Co. saw its share price drop by 0.74 percent to SR13.48. The stock price of Saudi Kayan Petrochemical Co. edged up by 0.40 percent to SR4.96.
