https://arab.news/65c86
RIYADH: ºÚÁÏÉçÇøâ€™s Tadawul All Share Index rose on Monday, gaining 97.24 points, or 0.85 percent, to close at 11,591.69.
The total trading turnover of the benchmark index was SR5.62 billion ($1.49 billion), as 214 of the listed stocks advanced, while only 36 retreated.
The MSCI Tadawul Index also increased, up 9.87 points or 0.66 percent, to close at 1,506.61.
The Kingdom’s parallel market Nomu lost 59.64 points, or 0.23 percent, to close at 25,803.22. This comes as 36 of the listed stocks advanced, while 49 retreated.
The best-performing stock during today’s session was SHL Finance Co. with its share price surging by 9.99 percent to SR23.56.
Other top performers included Saudi Co. for Hardware, which saw its share price rise by 6.75 percent to SR31, and Methanol Chemicals Co., which saw a 5.67 percent increase to SR10.62.
Rabigh Refining and Petrochemical Co. and CHUBB Arabia Cooperative Insurance Co. followed with shares surging by 5.51 percent and 5.41 percent to SR8.23 and SR40.90, respectively.
On the down side, the worst performer of the day was Naseej International Trading Co. for the second consecutive trading session, whose share price fell by 3.54 percent to SR77.55.
Saudi Reinsurance Co. and Tihama Advertising and Public Relations Co. also saw declines, with their shares dropping by 2.73 percent and 2.16 percent to SR33.50 and SR15.40, respectively.
Flynas Co. and Leejam Sports Co. also saw declines. Their share prices dropped by 1.7 percent and 1.22 percent to SR78.20 and SR138, respectively.
In a move aimed at enhancing market liquidity, Saudi Exchange Co. has announced its approval for Morgan Stanley ºÚÁÏÉçÇø to act as the official Market Maker for Saudi Industrial Export Co. and Al Kathiri Holding Co., effective October 14.
According to a statement, the appointed firm will be obligated to maintain a minimum order presence of 50 percent and a maximum bid-ask spread of 2 percent for both stocks, with a minimum order size of 75,000 shares, as it conducts its activities in accordance with the Kingdom’s Market Making Regulations.
Shares of Saudi Industrial Export Co. traded 1.42 percent higher in today’s trading session on the main market, closing at SR2.14. Al Kathiri Holding Co. shares also saw positive change, trading up 1.4 percent on the main market to close at SR2.17.