Latest news with #SaudiCeramic
Arab News
03-07-2025
- Business
- Arab News
Closing Bell: TASI closes the week in green at 11,244, climbing 1.03%
RIYADH: Saudi Arabia's Tadawul All Share Index concluded Thursday's trading session at 11,244.45 points, marking an increase of 114.81 points or 1.03 percent. The total trading turnover of the benchmark index was SR5.625 billion ($1.5 billion), as 139 of the listed stocks advanced, while 110 retreated. The MSCI Tadawul Index also increased by 19.52 points, or 1.37 percent, to close at 1,443.46. The Kingdom's parallel market Nomu reported a decrease, losing 88.34 points, or 0.32 percent, to close at 27,287.50 points. This comes as 37 of the listed stocks advanced while 38 retreated. The index's top performer, Fawaz Abdulaziz Alhokair Co., saw a 9.85 percent increase in its share price to close at SR29. Other top performers included Saudi Ceramic Co., which saw a 6.26 percent increase to reach SR31.90, while Halwani Bros. Co.'s share price rose by 5.55 percent to SR44.86. Middle East Healthcare Co. also recorded a positive trajectory, with share prices rising 5.09 percent to reach SR57.80. Al-Rajhi Co. for Cooperative Insurance was TASI's worst performer, with the company's share price falling by 2.91 percent to SR123.30. Saudi Industrial Export Co. followed with a 2.51 percent drop to SR2.33. Ades Holding Co. also saw a notable decline of 2.32 percent to settle at SR13.06. Americana Restaurants International PLC and Naseej International Trading Co. were among the top five poorest performers, with shares dropping by 2.08 percent to settle at SR2.35 and 1.96 percent to sit at SR100, respectively. On the announcement front, Riyad Bank announced its intention to issue tier 2 trust certificates denominated in US dollars under its updated international trust certificate issuance program, the bank said on Thursday. According to the bank's statement on Tadawul, the issuance — approved by its board on August 9 — is expected to be carried out through a special purpose vehicle and offered to eligible investors both in Saudi Arabia and internationally. The offering is part of the bank's broader capital-raising initiative aimed at general banking purposes, and its size and terms will be determined based on prevailing market conditions at the time of issuance. The Saudi lender has appointed Standard Chartered Bank, HSBC Bank, Merrill Lynch International, and J.P. Morgan Securities, as well as SMBC Group, Mizuho International, DBS Bank Ltd, and Riyad Capital as joint lead managers for the proposed offer. The proposed issuance of trust certificates will proceed following approvals from relevant regulatory bodies and will comply with all applicable laws and regulations. Riyad Bank's share price traded 2.54 percent higher on Thursday to close at SR28.36.
Arab News
12-05-2025
- Business
- Arab News
Closing Bell: Saudi main index closes in green at 11,488
RIYADH: Saudi Arabia's Tadawul All Share Index rose on Monday, gaining 142.01 points, or 1.25 percent, to close at 11,488.60. The total trading turnover of the benchmark index was SR6.13 billion ($1.63 billion), as 216 stocks advanced, while only 28 retreated. The MSCI Tadawul Index increased by 16.67 points, or 1.15 percent, to close at 1,468.46. The Kingdom's parallel market, Nomu, dipped, losing 80.32 points, or 0.29 percent, to close at 27,343.13. This comes as 45 stocks advanced, while 31 retreated. The best-performing stock on the main index was Saudi Ceramic Co. with its share price surging by 9.95 percent to SR30.40. Other top performers included Batic Investments and Logistics Co., which saw its share price rise by 7.76 percent to SR2.36, and Naseej International Trading Co., which saw a 7.39 percent increase to SR87.20. The worst performer of the day was SHL Finance Co., whose share price fell by 3.92 percent to SR19.12. Maharah Human Resources Co. and Almunajem Foods Co. also saw declines, with their shares dropping by 3.68 percent and 1.51 percent to SR5.50 and SR71.90, respectively. On the announcements front, Arabian Centres Co. declared its interim financial results for the first three months of the year with net profit amounting to SR222.7 million, a 37.5 percent dip compared to the previous quarter. The company attributed the decrease to a dip in net fair value gain of investment properties and a rise in the cost of revenues. Higher finance costs, driven by increased debt from development projects, also contributed to the decline. Cenomi Centers' shares on the main market traded 0.20 percent lower to reach SR20.08. Retal Urban Development Co. also announced its financial results for the same period with its net profit dropping by 26.05 percent to SR68.13 million compared to the previous quarter. The company credited the decrease mainly due to exit from real estate fund during the previous quarter. Retal's share price remained stable at SR17.04. Saudi Awwal Bank announced its intention to issue US dollar-denominated additional tier 1 Capital Sustainable Sukuk through a private placement in Saudi Arabia and internationally. The issuance, part of the bank's $5 billion sukuk program, aims to strengthen its capital base and support long-term strategic goals. Joint lead managers, including HSBC, Merrill Lynch, and Citigroup, will oversee the offering, an official statement on Tadawul said. The final terms and value of the sukuk will be determined based on market conditions, the statement added. SAB's shares on the main market traded 2.19 percent higher in today's trading session to reach SR34.95.
