RIYADH: Saudi Arabia’s Tadawul All Share Index began the week positively, gaining 207.01 points, or 1.88 percent, to close at 11,221.96.
While parallel market Nomu edged up 25.16 points to 21,513.36, the MSCI Tadawul Index increased 2.16 percent to close at 1,490.24.
The total trading turnover of the benchmark index on Sunday was SR4.37 billion ($1.17 billion) as 179 stocks advanced, while 34 retreated.
The best performer of the day was National Gas and Industrialization Co., whose share price surged 10 percent to SR68.20.
Etihad Atheeb Telecommunication Co. and Saudi Arabian Mining Co. were other top gainers, whose share prices increased by 9.86 percent and 5.23 percent, respectively.
Meanwhile, the telecom firm, which announced its fiscal year result ending on March 31, 2023, reported a net profit of SR42.47 million, compared to a net loss of SR37.40 million in the same period of the previous year.
The worst performer of the day was Saudi Enaya Cooperative Insurance Co., whose share price dipped by 5.15 percent.
In another development, shareholders of Fesh Fash Snack Food Production Co. approved the board of directors’ recommendation to pay a cash dividend of 15 percent, or SR1.5 a share, for 2022.
Earlier in March, the company had reported a net profit of SR1.5 million for 2022, up 10 percent compared to 2021. Its share price remained unchanged at SR160.
Meanwhile, Al-Babtain Power and Telecommunication Co. shareholders approved the board’s recommendation to pay a 5 percent cash dividend, or SR0.50 a share, for 2022.