Saudi National Housing Co. joins Cityscape Global as founding partner  

Saudi National Housing Co. joins Cityscape Global as founding partner  

Closing bell: TASI slightly drops to close at 11,431 with total trade volume at $1.4bn  

RIYADH: Saudi Arabia’s Tadawul All Share Index witnessed a slight drop on Monday, shedding 24.91 points, or 0.22 percent, to close at 11,430.87.  

The Kingdom’s parallel market, Nomu, remained steady and closed at 23,583.59 points. However, the MSCI Index lost 6.89 points to close at 1,475.29.     

The total trading turnover of the benchmark index was SR5.3 billion ($1.4 billion) with 65 stocks advancing and 151 declining.  

The Company for Cooperative Insurance was the best performer on TASI with its share price rising by 9.91 percent to reach SR126.40. Etihad Atheeb Telecommunication Co. also fared well with a 9.90 percent growth in its price to close at SR126.60.  

In contrast, Al-Baha Investment and Development Co. was the worst performer witnessing a drop by 6.25 percent to close at SR0.15 followed by the National Co. for Learning and Education which saw a drop of 3.90 percent to reach SR108.40.  

On the announcements front, Saudi Arabia’s Molan Steel Co. released its financial results for the first half of 2023 recording a 6.24 percent decrease in revenue compared to the same period last year.  

The company registered SR43.9 million in