RIYADH: Saudi Arabia's Tadawul All Share Index rose 6.73 points or 0.06 percent to close at 12,195.05 on Sunday.
Total trading turnover for the benchmark index was SR6.12 billion ($1.63 billion) as 74 listed stocks advanced while 154 declined.
The MSCI Tadawul index also closed in the green, gaining 2.46 points, or 0.16 percent, to close at 1,529.46.
The royal parallel market Nomu rose 67.8 points, or 0.26 percent, to close at 25,770.14. This is due to the fact that 27 of the listed stocks advanced while as many as 34 retreated.
The top performer of the day was Saudi Manpower Solutions Co., whose share price rose 9.88 percent to SR10.34.
Other top performers include Maharah Human Resources Co. and Al-Baha Investment and Development Co., whose share prices rose 8.35 percent and 8.33 percent to SR6.88 and SR0.13, respectively.
The worst performer was Electrical Industries Co., whose share price fell 5.51 percent to SR6.00.
Other notable decliners included Alinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Co., with share prices down 3.38 percent to SR8.29 and 3.25 percent to SR29.80.
Regarding the announcement, Saudi Tadawul Holding Co. reported an increase in profit to SR 146 million for the second quarter of 2024, reflecting a 55 percent increase from SR 105.2 million in the same period last year.
The company attributed the growth to a 50.3 percent rise in operating revenue, which reached SR741.1 million in the first half of 2024, up from SR493.0 million in the same period a year earlier.
According to a stock exchange report, Saudi Arabia's Amiantit Co. for the second quarter of 2024 net profit of SR 5.11 million, reversing a net loss of SR 10.08 million from the same quarter last year, an improvement of 150.7 percent. .
This positive shift was attributed to a 17.4 percent increase in sales due to higher sales and higher volume of new orders.
Kingdom Holding Co., Sumou Holding Co. and Jeddah Economic Co. signed an agreement to establish a new fund of SR 6.8 billion to acquire Alinma Jeddah Economic Fund, currently wholly owned by Jeddah Economic Co. Kingdom Holding Co. 40 percent stake in the new fund.
