RIYADH: Saudi Arabia’s Tadawul All Share Index on Monday lost 2.87 points — or 0.03 percent — to close at 10,588.58.
While MSCI Tadawul 30 Index dropped 0.10 percent to 1,452.66, the parallel market Nomu slipped 0.76 percent to 18,761.95.
TASI’s total trading turnover of the benchmark index on Monday was SR4.46 billion ($1.19 billion), with 101 stocks of the listed 224 advancing and 109 retreating.
On Feb. 6, Saudi Reinsurance Co. was the topmost gainer, rising 5.73 percent to SR16.98.
The other top gainers were Basic Chemical Industries Co., Riyadh Cables Group Co., Saudi Industrial Investment Group and Elm Co.
The worst-performing stock of the day was Salama Cooperative Insurance Co., which dropped 3.81 percent to SR16.16.
Other stocks that poorly performed were Etihad Atheeb Telecommunication Co., Riyad Bank, Alinma Bank and The Mediterranean and Gulf Insurance and Reinsurance Co.
Among sectoral indices, 11 of the 21 listed on the stock exchange declined, while the rest advanced.
The Software and Services Index was a clear winner, with the industry catapulting 2.98 percent to 38,040.86 and driving all five constituents in the green.
On the other hand, the Food and Beverages Index fell 1.23 percent to 4,772.11. Five of the 10 constituents in the sector advanced and the rest declined.
On the announcements front, Tihama Advertising and Public Relations Co. on Monday informed the stock exchange issued its prospectus for capital increase through an SR350 million rights issue.
The company plans to offer 35 million shares, at SR10 per share, to raise the capital by 700 percent.
Tihama aims to finance expansion plans and future investments, support working capital and pay off financial liabilities. The company’s share price rose 2.38 percent to SR94.8.
Abdullah Saad Mohammed Abo Moati for Bookstores Co. announced that financial statements for the third quarter ended Dec. 31, 2022, might miss the disclosure deadline due to a cyberattack on its servers on Dec. 8, 2022.
Abo Moati said the cyberattack resulted in the loss of financial data from Nov. 4 to Dec. 7, 2022. However, it restored data through hardcopy backups.
The company also assigned an accredited cybersecurity company to examine the systems and network to ensure operations ran smoothly and normally. Its share price fell 2.46 percent to SR27.75.
Meanwhile, Leejam Sports Co. signed on Feb. 5 a memorandum of understanding with UAE-based healthcare provider Burjeel Holding Co. to start a partnership in physiotherapy and sports healthcare services in Saudi Arabia.
Both companies plan to establish a new company in a 50-50 partnership, the sports company said in a statement to Tadawul.
The partnership aims to establish and operate a network of physiotherapy, rehabilitation and sports healthcare clinics within and outside Leejam centers in the Kingdom.
The statement said it would also include the provision of physiotherapy and related wellness services, with a particular focus on sports medicine and advanced rehabilitation therapies. Leejam Sports’ share price closed flat at SR86.4.