RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 36.21 points, or 0.35 percent, to close at 10,450.27.
The total trading turnover of the benchmark index was SR5.87 billion ($1.57 billion), as 100 of the listed stocks advanced, while 154 retreated.
The MSCI Tadawul Index increased 7.34 points, or 0.54 percent, to close at 1,375.70.
The Kingdom’s parallel market Nomu lost 74.39 points, or 0.32 percent, to close at 23,354.28. This comes as 32 of the listed stocks advanced, while 39 retreated.
The best-performing stock was Arabian Cement Co., with its share price surging by 5.62 percent to SR21.80.
Other top performers included National Shipping Co. of Saudi Arabia, which saw its share price rise by 5.07 percent to SR30.28, and Kingdom Holding Co., which saw a 4.40 percent increase to SR8.55.
On the downside, Alramz Real Estate Co. led the declines, with its share price falling 14.29 percent to SR60.
Nama Chemicals Co. fell 4.28 percent to SR20.35, while Sinad Holding Co. declined 3.51 percent to SR8.51.
On the announcements front, Arabian Contracting Services Co. said it has signed a non-binding memorandum of understanding with Alrai Media Group Co. to reshape Kuwait’s advertising landscape.
The 12-month, extendable agreement initiates a strategic partnership aimed at strengthening cooperation in advertising and marketing, specifically targeting the outdoor advertising sector.
The collaboration focuses on combining both entities’ expertise to explore and invest in high-impact, technology-driven outdoor advertising solutions, with a vision to elevate industry standards and boost the sector’s contribution to Kuwait’s economic and media growth.
Alarabia’s shares traded 0.66 percent lower on the main market to close at SR120.30.
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