https://arab.news/byksp
RIYADH: ֱ’s Tadawul All Share Index rose on Thursday, gaining 130.30 points, or 1.22 percent, to close at 10,780.69.
Total trading turnover of the benchmark index reached SR16.4 billion ($4.3 billion), with 191 stocks advancing and 58 retreating.
The Kingdom’s parallel market, Nomu, also climbed, adding 167.71 points, or 0.67 percent, to close at 25,290.92, as 38 stocks gained while 42 declined.
The MSCI Tadawul Index advanced 15.37 points, or 1.11 percent, to close at 1,398.79.
The day’s top performer was MBC Group Co., whose shares surged 9.97 percent to SR32.20. Other strong gainers included Electrical Industries Co., up 9.90 percent to SR9.99, and Dar Al Majed Real Estate Co., which rose 7.62 percent to SR13.14.
On the downside, Saudi Public Transport Co. posted the steepest decline, falling 4.46 percent to SR12.42. Musharaka REIT Fund slipped 3 percent to SR4.20, while Alandalus Property Co. dropped 2.62 percent to SR18.60.
In corporate developments, Al Kathiri Holding Co. announced that its subsidiary, ALIAN Industry Co., signed a memorandum of understanding with the Rwanda Housing Authority to develop 10,000 affordable housing units.
According to a Tadawul statement, this MoU aligns with Al Kathiri Holding’s strategy to grow its presence in international markets and introduce modern construction technologies globally, supporting Saudi Vision 2030’s goal of promoting national exports.
Al Kathiri Holding Co. ended the session at SR2.09, up 0.48 percent.
Separately, ֱn Oil Co., Aramco, completed a $3 billion sukuk issuance, comprising 15,000 trust certificates with a par value of $200,000 each. The issuance offers a return of 4.125 percent for five-year certificates and 4.625 percent for 10-year certificates.
Aramco shares closed at SR24.47, up 1.54 percent.
Meanwhile, First Avenue for Real Estate Development said the White Land Fees program will have no impact on its Riyadh City portfolio, which consists entirely of income-generating projects and developments under construction with issued building permits. The company emphasized it does not own any undeveloped or “white” land.
Shares of First Avenue closed at SR8, up 3.71 percent.