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 of the benchmark index was SR 5.09 billion ($1.35 billion), with 162 stocks advancing and 61 stocks retreating.
The kingdom's parallel market Nomu shed 293.95 points, or 1.14 percent, to close at 25,521.34. Meanwhile, 28 stocks advanced, while 39 stocks retreated.
The MSCI Tadawul index rose 17.22 points, or 1.18 percent, to close at 1,480.07.
Temar Development Holding Company led the day's stock performance with a jump of 9.97% to SR40.80.
Other notable winners included Al-Babtain Electricity and Telecommunication Company and Fawaz Abdulaziz Al-Hakair Company.
The worst performer was Baazeem Trading Company, whose share price fell 9.05% to SR6.53.
Other significant reductions include Wafrah for Industry and Development and Al Moammar Information Systems Co.
On the announcements front, Fawaz Abdulaziz Al-Kair, also known as Cenomi Retail, reported its interim financial results for the period ended June 30.
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, according to a Tadawul statement.
The decrease was mainly due to a decrease in revenue, a slight decrease in selling, general and administrative expenses, a net increase in financial expenses and a decrease in zakat and income tax expenses despite an increase in other operating income.
Al Gassim Investment Holding Company 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 primarily due to higher zakat reserves, higher general and administrative expenses, and higher provisions for expected credit losses. Additionally, lower financing revenues contributed to the loss despite higher other revenues.
Al Mumar Information Systems reported a net profit of 116 million tranches for the period ended June 30, representing a 20 percent increase over the same period in 2023. Shares of the partner company itself, departments and evaluation of data center units.
Saudi Arabia's First Bank announced that its board of directors has approved a cash dividend of SR 2.05 billion for the first half of fiscal year 2024.
According to a statement issued on Tadawul Day, the dividend will be allocated to 2.05 billion shares, after deducting zakat, at SR 1 per share. The dividend represents 10% of the nominal value of the shares.
