Riyadh: Saudi Arabia's Tadaul Al-Share index increased by 104.57 points or 0.90 percent to close at 11,771.69 on Sunday.
Total trading volume of the benchmark index was SR5.09 billion ($1.35 billion) as 162 stocks advanced, while 61 retreated.
The Kingdom's parallel market Nomu closed down 293.95 points, or 1.14 percent, at 25,521.34. This came as 39 stocks fell after 28 rose.
The MSCI Tadawul index rose 17.22 points, or 1.18 percent, to close at 1,480.07.
Shares of Thimar Development Holding Company led the day's stock performance with a gain of 9.97 percent to SR40.80.
Other notable beneficiaries include Al-Babatin Power and Telecommunication Co., and Fawaz Abdulaziz Alhokair Co.
The worst performer was Bajim Trading Company whose share price fell 9.05 percent to SR6.53.
Other notable rejects include Wafrah for Industry and Development Company and Al Moammar Information Systems Company.
Ahead of the announcements, Fawaz Abdulaziz Alhokair Co., also known as Senomi Retail, reported its interim financial results for the period ending June 30.
According to a Tadawul statement, the company recorded a net loss of SR67.6 million in the first half of the year compared to a net profit of SR113.8 million in the same period last year.
The decline was mainly due to lower revenue despite an increase in other operating income, a slight decrease in selling, general and administrative expenses, an increase in net finance expenses, and a decrease in zakat and income tax expenses.
Al Ghasim Investment Holding Company reported a net loss of SR3.58 million for the first half of 2024, down from a net profit of SR1.39 million recorded in the same period last year.
This change was mainly due to increased Zakat provision, higher general and administrative expenses, and increase in provisions for expected credit losses. Additionally, a decrease in financing revenue and higher other revenue contributed to the loss.
Al-Moammar Information Systems Company reported a net profit of SR116 million for the period ended June 30, a 20 percent increase over the same period in 2023. This increase was driven by a one-time gain of SR80 million. Shares in valuation of its associate firm Edarat and data center units.
Saudi Abbal Bank has approved the distribution of cash dividend of 2.5 billion riyals for the first quarter of the financial year 2024 by its board of directors.
According to a Tadawul statement, 2.05 billion shares will be distributed with a dividend of SR1 per share after deducting dividend zakat. The dividend represents 10 percent of the par value of the shares.
