The Saudi Exchange's benchmark TASI index edged up 0.07 percent on Tuesday, gaining 7.77 points to close at 10,799.92. The MSCI Tadawul 30 Index inched up 0.01 percent, adding 0.10 points to close at 1,436.43, while the Nomu Parallel Market Index slipped 0.08 percent, losing 17.67 points to end at 23,051.10.
Market Breadth and Trading Volume
Market breadth on the main market remained positive, with 164 stocks advancing and 88 declining. Trading volume on TASI reached 305.1 million shares, while the total value traded stood at SR5.5 billion ($1.47 billion).
Top Gainers and Decliners
Top gainers included Ash-Sharqiyah Development Co., which rose 9.99 percent to SR15.09. Tihama Advertising, Public Relations and Marketing Co. climbed 9.97 percent to SR18.20, while Mutakamela Insurance Co. advanced 9.96 percent to SR12.03. Saudi Fisheries Co. gained 9.95 percent to SR79, and ARTEX Industrial Investment Co. added 9.92 percent to SR12.30.
The biggest decliners included Al-Babtain Power and Telecommunication Co., which dropped 3.79 percent to SR64.70. Al Hammadi Holding fell 3.08 percent to SR27.02, while AFG International Co. declined 2.66 percent to SR13.91. East Pipes Integrated Company for Industry lost 2.65 percent to SR220, and National Medical Care Co. fell 2.26 percent to SR103.60.
Corporate Actions and Capital Increases
The Securities Depository Center Co., or Edaa, announced the implementation of a securities quantity increase for Multi Business Group Co. by crediting the additional shares to the accounts of eligible securities holders on June 30. Multi Business Group Co. closed at SR2.19, down 5.19 percent during the session.
Separately, the Saudi Exchange announced that the fluctuation limits for Maharah Human Resources Co. will be based on a share price of SR5.04 after shareholders approved a capital increase through bonus shares at the company’s extraordinary general meeting on June 29. Outstanding orders were canceled, and Edaa will deposit the additional shares into investors’ portfolios by July 2. Maharah Human Resources Co. closed at SR5.05, up 0.2 percent during the session.
The Saudi Exchange also announced that the fluctuation limits for Almuneef Co. for Trade, Industry, Agriculture and Contracting will be based on a share price of SR4.78 following shareholder approval of a bonus share capital increase at the company’s extraordinary general meeting on June 29. Outstanding orders were canceled, while Edaa is scheduled to deposit the additional shares into investors’ portfolios by July 2. Almuneef Co. for Trade, Industry, Agriculture and Contracting closed at SR4.79, up 0.21 percent for the session.
