RIYADH: Saudi Arabia’s Tadawul All-Share Index rose on Wednesday, gaining 550.03 points, or 5.06 percent, to close at 11,426.45.
The total trading turnover of the benchmark index was SR14.46 billion ($3.86 billion), as 247 of the listed stocks advanced, while only 11 retreated.
The MSCI Tadawul Index also increased, up by 80.07 points, or 5.66 percent, to close at 1,494.88.
The Kingdom’s parallel market Nomu gained 308.68 points, or 1.22 percent, to close at 25,608.10. This comes as 65 of the listed stocks advanced, while 39 retreated.
The session saw an early surge, with Tadawul climbing 4.48 percent within the first hour of trading.
Alinma Bank led the gains, rising 9.99 percent to SR27.96, followed by Dar Alarkan Real Estate Development Co., also up 9.99 percent to reach SR17.73, and Bank Albilad, which rose 9.96 percent to SR29.82.
On the downside, MBC Group Co. fell 2.20 percent to SR34.62, Malath Cooperative Insurance Co. dropped 1.35 percent to SR13.13, and Amlak International Finance Co. declined 1.20 percent to SR13.16.
On the announcements front, International Human Resources Co. secured a renewed and amended one-year Shariah-compliant credit facility worth SR30 million from Al-Rajhi Bank, received on Aug. 19 following the final agreement on Sept. 22.
The financing will be primarily allocated for working capital and partially for issuing letters of guarantee for contracts and projects.
Shares of International Human Resources Co. traded 0.18 percent higher on the parallel market, closing at SR5.61.
