Closing Bell: Saudi stocks extend gains as Tadawul closes at 3-week high

JEDDAH: Saudi Arabia’s Tadawul All Share Index climbed 61.38 points, or 0.61 percent, to close at 10,168.10 on Tuesday, its highest since Oct. 19.

Trading activity totaled approximately 292.2 million shares worth nearly SR4.91 billion ($1.31 billion), with 232 companies advancing and 31 declining.

The Nomu parallel market advanced 167.02 points, or 0.77 percent, to close at 21,853.59, with 41 stocks advancing and 26 declining. The MSCI Tadawul 30 Index also gained 4.18 points, or 0.3 percent, to finish at 1,379.37.

United Wire Factories Co., also known as Aslak, topped the gainers, surging 9.97 percent to close at SR18.86. Retal Urban Development Co. jumped 9.96 percent to end the day at SR7.51, while Mutakamela Insurance Co. climbed 9.5 percent to end the session at SR9.80.