https://arab.news/nvdm6
RIYADH: º£½ÇÖ±²¥â€™s Tadawul All Share Index edged higher on Monday, gaining 6.35 points, or 0.06 percent, to close at 10,839.45.
The total trading turnover of the benchmark index reached SR4.92 billion ($1.31 billion), with 138 stocks advancing and 110 declining.
The Kingdom’s parallel market Nomu also closed in positive territory, rising 135.55 points, or 0.51 percent, to settle at 26,891.39, as 41 stocks advanced while 38 retreated.
Meanwhile, the MSCI Tadawul 30 Index slipped marginally, losing 1.41 points, or 0.10 percent, to end at 1,397.24.
The best-performing stock of the day was Tourism Enterprise Co., whose share price rose 9.57 percent to SR1.03.
Other top performers included SICO Saudi REIT Fund Unit, which climbed 7.58 percent to SR4.40, and Takween Advanced Industries Co., which gained 6.56 percent to close at SR8.29.
Perfect Presentation for Commercial Services Co. rose 5.56 percent, while Amana Cooperative Insurance Co. gained 5.15 percent.
Nice One Beauty Digital Marketing Co. registered the steepest decline, falling 9.97 percent to SR26.74.
Other notable declines came from Thimar Development Holding Co., down 5.84 percent to SR36.42, and Al Etihad Cooperative Insurance Co., which dropped 5.56 percent to SR11.71.
Herfy Food Services Co. and BAAN Holding Group Co. also ended the day lower, falling 5.20 percent and 4.74 percent.
On the announcement front, the Saudi Exchange Co. has approved SNB Capital’s application to conduct market-making activities on Almasane Alkobra Mining Co. and Waja Co., effective from July 30.
According to the exchange, SNB Capital’s obligations as a market maker for Almasane Alkobra Mining Co. include maintaining a minimum presence of orders at 70 percent, a minimum size of 75,000 units, and ensuring a maximum spread of 0.75 percent. Additionally, the market maker must achieve a minimum value traded of at least 5 percent.
For Waja Co., SNB Capital is required to uphold a minimum presence of orders at 50 percent, with a minimum size of 50,000 units and a maximum spread of 5 percent. There is no minimum value traded requirement for Waja Co.
The company will perform its duties in line with the Market Making Regulations and the Market Making Procedures set by the Saudi Exchange Co.