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01/07/2025 05:47 AST
Saudi Arabia's Tadawul All Share Index fell 0.35 percent to close at 11,163.96 on Monday, weighed by losses in several blue-chip stocks.
Trading activity remained robust, with turnover reaching SR7.3 billion ($1.9 billion), with the market recording 118 advancers versus 133 decliners.
The MSCI Tadawul 30 Index slipped 0.36 percent to end at 1,428.86, while the parallel market Nomu rose 0.34 percent to finish at 27,341.63.
Fawaz Abdulaziz Alhokair Co. led the main market gainers with a 9.96 percent rise to SR24.62.
National Metal Manufacturing and Casting Co. followed with a 9.29 percent gain, closing at SR16.83.
Other notable performers included Buruj Cooperative Insurance Co., which advanced 7.40 percent to SR18.00, and The Mediterranean and Gulf Insurance and Reinsurance Co., up 7.16 percent at SR20.06.
On the downside, Al Maather REIT Fund recorded the steepest decline, falling 3.33 percent to SR9.01.
Etihad Etisalat Co. dropped 3.10 percent to SR59.30, while MBC Group Co. slipped 2.99 percent to SR35.70. Rasan Information Technology Co. also retreated 2.69 percent to close at SR86.90.
On the announcement front, ACWA Power Co. released details regarding its planned capital increase through a rights issue.
The company set the offering price at SR210 per share, with a total of 33,928,570 new shares to be issued.
Following the offering, ACWA Power's capital will rise from SR7.33 billion to SR7.66 billion, increasing the total number of shares to 766,490,498.
The transaction represents 4.63 percent of the issuer's existing capital and is valued at SR7.12 billion.
ACWA Power said the proceeds will support its strategy to triple the assets under management by 2030 and strengthen its financial position.
Eligibility for the rights issue will apply to shareholders registered at the end of the second trading day following the date of an extraordinary general assembly.
ACWA Power shares closed up 4.07 percent on Monday at SR256.00, with over 1.1 million shares traded.
Arab News
| Ticker | Price | Volume |
|---|
02/07/2025
Bahrain Bourse (BHB) announced that as of Wednesday, July 2, and according to the invitation announced by the Central Bank of Bahrain (CBB), Bahraini and Non-Bahraini investors can directly subscribe
BNA
02/07/2025
The Qatar Stock Exchange (QSE) closed its trading session on Tuesday, down by 51.09 points, or 0.48 percent, to stand at 10,698.39 points.
During the session, a total of 115,460,122 shares w
QNA
02/07/2025
Saudi Arabia's Tadawul All Share Index declined 42.36 points, or 0.38 percent, to close at 11,121.60 on Tuesday.
Total trading turnover reached SR5.57 billion ($1.48 billion), with 110 stoc
Arab News
02/07/2025
Morgan Stanley Saudi Arabia has been approved to conduct market-making activities for 52 companies listed on the Kingdom's stock exchange, according to a statement on Tadawul.
The US-based m
Arab News
01/07/2025
Bahrain Bourse won the "Chief Information Officer Legend Award" during the Global CIO 200 Summit - Bahrain Edition 2025, held under the patronage of the General Sports Authority and organised by the
BNA
Financial Information Co.
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