RIYADH: Saudi Arabia's Tadawul Composite Index rose 6.73 points, or 0.06 percent, to close at 12,195.05 on Sunday.
Total trading volume on the benchmark index was 6.12 billion Saudi riyals ($1.63 billion), with 74 listed stocks advancing and 154 declining.
The MSCI Tadawul index also rose, up 2.46 points, or 0.16 percent, to close at 1,529.46.
Saudi Arabia's parallel market NoM rose 67.8 points, or 0.26 percent, to close at 25,770.14. Of the listed stocks, 27 rose and 34 fell.
The best-performing stock on the day was Saudi Manpower Solutions Company, whose shares rose 9.88% to 10.34 Saudi Riyals.
Other strong performers included Mahalla Human Resources Company and Al Baha Investment and Development Company, which rose 8.35% and 8.33% to 6.88 SAR and 0.13 SAR respectively.
The worst performer was Electrical Industries Ltd, whose shares fell 5.51% to SR6.00.
Other notable declines included shares of Arinma Hospitality REIT Fund and The Mediterranean and Gulf Insurance and Reinsurance Company, which fell 3.38% to SR8.29 and 3.25% to SR29.80, respectively.
On the surface, Saudi Tadawul Holding Company reported that its profit for the second quarter of 2024 rose to SAR 146 million, reflecting a 55% increase from SAR 105.2 million in the same period last year.
The company said the growth was driven by a 50.3% increase in operating revenue, reaching SAR 741.1 million in the first half of 2024, up from SAR 493 million in the same period last year.
Saudi Arabia's Amienst Company reported a net profit of SAR 5.11 million in the second quarter of 2024, reversing a net loss of SAR 10.08 million in the same period last year and recording an improvement of 150.7 percent, according to a stock exchange announcement.
This positive change was driven by a 17.4% increase in revenue due to sales growth and an increase in new orders.
Kingdom Holding, Sumo Holding and Jeddah Economic signed an agreement to establish a new SAR 6.8 billion fund to acquire Alinma Jeddah Economic Fund, currently fully owned by Jeddah Economic. Kingdom Holding will hold a 40% stake in the new fund.
