Closing Bell: Saudi stocks rebound as TASI gains 1% to close at 10,590
- Saudi Arabia’s Tadawul All Share Index closed at 10,589.95, up 1.05% or 110.17 points on Tuesday.
- Trading activity totaled around 189.1m shares worth more than SR4.15bn ($1.11bn), with 189 companies advancing and 71 declining.
- The parallel market Nomu surged 1.55% to close at 21,736.43, with 32 stocks gaining and 26 declining.
- Saudi Enaya Cooperative Insurance Co. was the top gainer, rising 9.97% to SR11.14, while Gulf Union Alahlia Cooperative Insurance Co. dropped 2.93% to SR12.61 as the top loser.
- Alramz Real Estate Co. signed a SR400 million Shariah-compliant credit facility agreement aimed at funding its operating requirements and investments.
- Nofoth Food Products Co. completed a 65% acquisition of Plenty Food Co. with regulatory procedures finalized on October 5.
