Jordanian industrial delegation begins focusing on with Saudi Arabia

RIYADH: Saudi Arabia’s Tadawul All Share Index on Sunday won 42.61 aspects — or 0.40 percent — to shut at 10,724.62. Whereas MSCI Tadawul 30 Index edged up 4.61 aspects to shut at 1,486.51, the parallel market Nomu slumped 243.64 aspects to 19,213.17. TASI’s complete buying and selling turnover of the benchmark index on Sunday used to be recorded at SR3.09 billion ($820 million), with 140 shares of the listed 223 advancing and 64 falling. Hail Cement Co., Ltd. used to be the topmost gainer of the day, which rose 6.51 percent to SR12.10. The opposite prime gainers were Saudi Evolved Industries Co., Heart East Healthcare Co., Al Hammadi Retaining and East Pipes Constructed-in Co. for Replace. The worst performer on Sunday used to be Dur Hospitality Co., which fell 2.69 percent to SR22.40. Other prime decliners were Arabian Cement Co., Qassim Cement Co., Dallah Healthcare Co. and Almarai Co. Incidentally, Almarai Co. its declared monetary results and registered a 13 percent rise in its receive profit after zakat and tax for 2022 to SR1.75 billion from SR1.56 billion in 2021. Its revenues at some level of 2022 increased 18 percent to SR18.7 million from SR15 .8. The dairy indispensable’s share, then all once more, fell 1.61 percent to SR55.10. Among sectoral indices, 16 of the 21 listed on the stock alternate developed whereas the rest declined. The A quantity of Monetary Index used to be the tip performer as it rose 1.87 percent to 6,268.38. All constituent shares, including Saudi Evolved Industries Co., Kingdom Retaining Co., Saudi Tadawul Neighborhood Retaining Co., Sinad Retaining Co. and Nayifat Finance Co., ended positively. Meals and Beverages Index and Utilities Index dropped 0.62 percent to shut at 4,904.33 and 7,456.54, respectively. Whereas the worst-performing stock in the meals and drinks sector used to be Almarai, the utility sector buckled below the burden of Saudi Electric Co, which fell 1.20 percent to shut down at SR23.06. On the announcements entrance, Al Masane Al Kobra Mining Co. told the stock alternate on Sunday that the Ministry of Replace and Mineral Sources issued on Jan. 18 issued it a brand recent exploration license to prospect for gold. The legitimate license is except Nov. 24, 2027, and covers a trouble of 34 sq. kilometers in the Asir space, in step with a assertion to Tadawul. The license is also essentially essentially based on the recent Mining Investment Legislation and its government guidelines. AMAK’s share label rose 0.9 percent to SR78.1. Aldrees Petroleum and Transport Providers Co. told Tadawul that its board of directors instructed on Jan. 22 a 20 percent cash dividend, or SR2 per share, for 2022, dispensing a total dividend of SR150 million. Aldrees’ share label picked up 0.13 percent to SR79.6. ACWA Strength Co. also communicated to the stock alternate that Jazan Constructed-in Gasification and Strength Co. accomplished the acquisition of the second crew of belongings for the Jazan Constructed-in Gasification Mixed Cycle undertaking. The indispensable utility acknowledged the undertaking entails the acquisition of the $12 billion IGCC plant from Saudi Arabian Oil Co. The first crew of IGCC belongings used to be acquired on Oct. 27, 2021. ACWA Strength’s share label fell 0.49 percent to SR161. National Clinical Care Co. also inked a share rob agreement with SmartMed Co. to rob one hundred pc of Jiwar Clinical Providers Co. for SR65 million. The acquisition deal can be financed through the healthcare supplier’s inner sources and credit ranking companies, in step with a assertion to Tadawul. The corporate’s share label surged 1.54 percent to SR79.20.

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