With trading values reaching 9 billion riyals, the main Saudi stock index ended Monday's session up by 0.59%, gaining 52.42 points and closing at 8869.47 points.
Ali Al-Zahrani, CEO of Al-Nafie Investment Company, stated that the announcement of the massive "The Line" project in Neom presents promising opportunities for vital sectors such as cement, logistics, and energy, which are expected to benefit the most from major and essential projects like those in the Red Sea, Qiddiya, Neom, and other initiatives linked to Saudi Vision 2030. The number of traded shares today exceeded 301 million, exchanged in more than 394,000 transactions where 119 companies' stocks recorded an increase in value, while 71 companies' stocks closed lower. The stocks of Al-Sumaani, Al-Asil, Red Sea, Tabuk Cement, and Tabuk Agricultural were the highest gainers, while the stocks of Musharaka REIT, Aseeg, National Education, Dour, and Al-Lujain saw the most decline. The rise and fall percentages ranged between 9.99% and 3.58%. The stocks of Northern Cement, Al-Jouf Cement, Tabuk Cement, Al-Amana Insurance, and Dar Al-Arkan were the most actively traded by volume, whereas the most actively traded by value were Al-Sumaani, Al-Amana Insurance, Al-Rajhi, Wafa, and An'am Holding. The parallel market index also closed higher today by 135.01 points, ending at 24877.77 points, with trading values of 56 million riyals and more than 406,000 shares traded across 1308 transactions.
