RIYADH: Saudi Arabia's Tadawul All Share Index rose 104.57 points, or 0.90 percent, to close at 11,771.69 on Sunday.
Total trading turnover for the benchmark index was SR5.09 billion ($1.35 billion) as 162 stocks advanced while 61 declined.
The royal parallel market Nomu fell 293.95 points, or 1.14 percent, to close at 25,521.34. This is because 28 stocks advanced while 39 retreated.
The MSCI Tadawul index gained 17.22 points, or 1.18 percent, to close at 1,480.07.
Thimar Development Holding Co. led the stock's daily performance, with its share price jumping 9.97 percent to SR40.80.
Other notable gains included Al-Babtain Power and Telecommunication Co. and Fawaz Abdulaziz Alhokair Co.
The worst performer was Baazeem Trading Co., whose share price fell 9.05 percent to SR6.53.
Other notable decliners included Wafrah for Industry and Development Co. and Al Moammar Information Systems Co.
On the announcement front, Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, announced its interim financial results for the period ended June 30.
According to a Tadawul statement, the company posted a net loss of SR67.6 million in the first half of the year, compared with a net profit of SR113.8 million in the same period last year.
The decline was primarily due to lower revenues, a slight decline in selling, general and administrative expenses, increased net finance costs and lower zakat and income tax expenses, despite an increase in other operating income.
Al Gassim Investment Holding Co. reported a net loss of SR 3.58 million for the first half of 2024, down from a net profit of SR 1.39 million recorded in the same period last year.
This turnaround was mainly due to increased zakat provisions, higher general and administrative expenses and an increase in provisions for expected credit losses. In addition, a decline in financing income and despite higher other income contributed to the loss.
Al-Moammar Information Systems Co. reported a net profit of SR 116 million for the period ended June 30, a 20 percent increase over the same period in 2023. The growth was driven by a one-time gain of SR 80 million from the sale of stakes in its associate firm Edarat and the valuation of data center units.
Saudi Awwal Bank announced that its board of directors has approved the payment of a cash dividend of SR2.05 billion for the first half of fiscal year 2024.
According to a statement on the Tadawul, the dividend will be allocated to 2.05 billion shares with a dividend of SR1 per share net of Zakat. The dividend represents 10 percent of the nominal value of the share.
