RIYADH: The Tadawul All Share Index of Saudi Arabia maintained its level of stability on Thursday, finishing the trading day at 1,597.91, an increase of 6.36 points, or 0.05 percent.
135 of the 228 listed companies moved higher, while 73 moved lower, contributing to a total trading volume of SR6.57 billion ($1.75 billion) The benchmark index was the driving force behind this increase.
Despite this, the Nomu parallel market in Saudi Arabia maintained its downward trajectory, falling 480.78 points, which is equivalent to 1.95 percent, to conclude the day at 24,149.24.
The MSCI Tadawul Index finished at 1,522.42, a 0.39 percent decrease from its previous value.
On the primary index, the stock of Al-Baha Investment and Development Co. had the best performance of any stock during the day. The price per share of the company’s stock rose by 10%, reaching SR0.22.
Other companies whose stock prices did very well include Zamil Industrial Investment Co. and Theeb Rent a Car Co., whose prices increased by 9.98 and 9.90 percent, respectively.
The Al-Rajhi Co. for Cooperative Insurance share price was the poorest performer of the day, falling 3.25 percent to SR149. This was the lowest performance of any company.
Al-Razi Medical Co. was the company that made the most progress in the parallel market Nomu. On Thursday, the price of the company’s shares increased by 14.93 percent, reaching SR77.
Despite this, the price of a share of Future Care Trading Co., which is listed on Nomu, decreased by 16.98 percent, landing at SR24.20.
On Thursday, Alinma Investment Co. made an announcement about the distribution of a cash dividend to the unitholders of Alinma Retail REIT at a rate of SR0.13 per unit for the first half of 2023. This dividend represents 1.3 percent of the total value of the units.
A statement provided to Tadawul indicates that the dividend for the first half accounts for 1.69 percent of the net asset value of the fund as of the 31st of December in 2022.
Si Señor 🪄#WelcomeFirmino
— Al-Ahli Saudi Club (@ALAHLI_FCEN) July 4, 2023
Edouard Mendy, a former goalkeeper for Chelsea, has already signed with Al-Ahli, which is situated in Jeddah during this offseason.
The Public Investment Fund, which manages the sovereign wealth of the kingdom, recently acquired ownership of all four of the country’s professional sports clubs, and this is one of them.
Other teams in the Saudi Pro League have been successful in acquiring notable players by signing them to their rosters, including Karim Benzema, N’Golo Kante, Kalidou Koulibaly, and Marcelo Brozovic. When he signed with Al-Nassr in January, Cristiano Ronaldo was the one who initiated the trend.
With Liverpool, Firmino was able to win the Champions League, the English Premier League, the FA Cup, and the English League Cup. In addition to it, there was also the Club World Cup and the European Super Cup.
In 2019, he won the Copa America with his country, Brazil.
Al-Ahli did not disclose the duration of Firmino’s contract in their conversation.