RIYADH: Saudi Arabia's Tadawul Composite Index closed at 12,195.05 on Sunday, up 6.73 points or 0.06 per cent.
Total trading volume on the benchmark index was 6.12 billion riyals ($1.63 billion), with 74 listed stocks rising and 154 falling.
The MSCI Tadawul Index also closed in the green, up 2.46 points or 0.16% at 1,529.46.
The kingdom's parallel market Nomu closed at 25,770.14, up 67.8 points or 0.26 percent. This came as 27 of the listed stocks rose while 34 fell as much.
The best performing stock of the day was Saudi Manpower Solutions Co., which gained 9.88% to 10.34SR.
Other top performers included Maharah Human Resources Co. and Al-Baha Investment and Development Co., which rose 8.35% and 8.33% to trade at 6.88 riyals and 0.13 riyals, respectively.
The worst performer was Electrical Industries Co., which fell 5.51% to close at SR6.00.
Other major decliners included Alinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Co., which fell 3.38% to SR8.29 and 3.25% to SR29.80, respectively.
According to the announcement, Saudi Tadawul Holding Co. reported a profit increase of 146 million riyals in the second quarter of 2024, up 55% from 105.2 million riyals in the same period last year.
The company attributed this growth to a 50.3% increase in operating income, which it expects to reach 741.1 million riyals in the first half of 2024, up from 493 million riyals in the same period last year.
Saudi Arabian Amiantit reported a net profit of 5.11 million riyals in the second quarter of 2024, up 150.7% from a net loss of 10.08 million riyals in the same quarter last year, according to a stock exchange filing.
This positive change was driven by a 17.4% increase in revenue due to increased sales and new orders.
Kingdom Holdings, Sumu Holdings and Jeddah Economic Company have signed an agreement to establish a new fund worth SAR 6.8 billion to acquire the Aleenma Jeddah Economic Fund, which is currently wholly owned by Jeddah Economic Company. Kingdom Holdings will hold a 40% stake in the new fund.
