Unified platform for transport and logistics sector to accelerate Saudi Arabia’s digital transformation  

Unified platform for transport and logistics sector to accelerate Saudi Arabia’s digital transformation  

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its downward movement for the second consecutive day as it shed 97.05 points, or 0.82 percent, to close at 11,692.33 on Monday.  

The total trading turnover of the benchmark index was SR5.91 billion ($1.58 billion) as 73 of the listed 228 stocks declined, while 143 advanced.    

Saudi Arabia’s parallel market Nomu also witnessed a downward trend as it slipped by 555.54 points to 24,500.64.  

The MSCI Tadawul Index dropped by 1.33 percent to close at 1,534.80.  

The best-performing stock of the day was Arabian Drilling. The company’s share price soared by 7.17 percent to SR176.40.  

Other top performers of the day were Maharah Human Resources Co. and Almunajem Foods Co. whose share prices edged up by 4.75 percent and 4.32 percent, respectively.  

The worst performer was Takween Advanced Industries Co. as its share price dropped by 6.75 percent to SR17.12. 

On the announcements front, First Milling Co. reported its interim financial results for the first half of this year. In a Tadawul statement, the company revealed that its net profit narrowed in the first half of 2023 to SR108.7 million, down 19 percent, compared to SR133.7 million in the same period of the previous year.  

The firm’s net profit for the