NCP inks deal with Al-Rajhi Bank to drive public-private partnership

NCP inks deal with Al-Rajhi Bank to drive public-private partnership

RIYADH: Saudi Arabia’s Tadawul All Share Index saw a modest rise of 50.11 points, equivalent to 0.44 percent, closing at 11,501.42 on Sunday. 

The parallel market, Nomu, experienced a significant uptick of 411.75 points, or 1.77 percent, finishing at 23,613.52. In tandem, the MSCI Index climbed by 12.68 points, or 0.86 percent, reaching 1,494.33. 

Trade on the benchmark index tallied SR3.7 billion ($0.99 billion) with 105 stocks showing gains, and 111 experiencing declines. 

Nomu registered a traded value of SR32.6 million by the end of the day. 

Saudi Paper Manufacturing Co. emerged as the standout performer, with its share price surging by 7.08 percent to reach SR34.8. Notable gainers also included the National Shipping Co. of Saudi Arabia, known as Bahri, and Takween Advanced Industries Co., witnessing a rise of 5.58 percent and 4.98 percent, ending at SR23.8 and SR16.88, respectively. 

Bupa Arabia for Cooperative Insurance Co. and Dallah Healthcare Co. also displayed positive performance. 

On the flip side, Development Works Food Co. faced a drop of 9.89 percent in its share price, closing at SR113, emerging as the weakest performer for the day. 

Other laggards included Thimar Development Holding Co. and Al Mawarid Manpower Co., with their share prices falling by 6.89 percent and 6.25 percent