RIYADH: Saudi Arabia’s Tadawul index rose 13.55 points – or 0.13 percent – on Wednesday, to close at 10,809.15.

While the MSCI Tadawul 30 Index rose by 2.07 points to close at 1497.91, the Nomu Parallel Market Index recovered 104.71 points to close at 19268.76.

The total trading volume of the benchmark index on Wednesday amounted to 4.11 billion riyals ($1.09 billion), with 117 stocks rising out of 223 listed and 83 stocks declining.

Abdul Mohsen Al Hokair Group topped the list of gainers today, rising by 9.91 percent to 21.74 riyals. Other big gainers included Alinma Tokio Marine, Al-Alamiya Cooperative Insurance Company, Dallah Healthcare Company and Saudi Reinsurance Company.

The worst performer on Wednesday was the Arab Drilling Company, which fell by 2.19 percent to 134 Saudi riyals. Other underperforming companies include Al-Jouf Agricultural Development Company, Zahrat Al-Waha Trading Company, Saudi Airlines Catering Company and Tourism Projects Company.

Among the sectoral indices, eight of the 21 listed on the stock exchange declined, while the banking index closed flat and the rest rose.

The health care equipment and services index was the best performer, rising 1.82 percent to 9360.13 thanks to Dallah Healthcare Company, which jumped 5.31 percent to 134.80 SAR. Five of the seven constituent stocks rose while the rest fell.

Pharma, Biotechnology and Life Sciences was the worst performing sector of the day, falling 1.28 percent to 3,063.33.

On the announcement front, Arabian Centers Company, also known as Senomy Centers, informed the stock exchange that its shareholders had agreed to establish a Sharia-compliant sukuk program amounting to 4.5 billion Saudi riyals for a period of two years from the date of incorporation.

The Sukuk will be issued from time to time locally, in single or multiple issues, under the Company’s long-term policy to move them to the more flexible and unsecured public market financing. The share price of Cenomi Centers settled at 19.98 Saudi riyals.

The House of Scientific and Medical Equipment announced on January 25 that it had entered into a Sharia-compliant credit facility agreement worth SAR 265 million with Alinma Bank. The statement said the funding period will expire on September 30, 2023.

Guarantees assignment of contract returns and loan promissory notes. It aims to finance newly awarded projects, including financing working capital and avoiding liquidity shortages. The company’s share price increased marginally to close at SAR 66.5.

Shareholders of Al Jouf Mineral Water Bottling Company approved a 50 percent capital increase through one to two bonus shares distribution during the Extraordinary General Assembly meeting on January 24. The decision will raise the capital to 48 million Saudi riyals from 31.25 Saudi riyals. million currently. Al-Jouf share price increased by 2.41 percent to 27.65 riyals.

Meanwhile, Saudi Fransi Capital announced the payment of cash dividends of 1.6 percent or 0.16 Saudi riyals per unit to education REIT fund unit holders for the period from October 1 to December 31, 2022, with a total distribution of SAR 8.16 million. The share price of “Taleem REIT” rose 1.18 percent to 12 Saudi riyals.



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