Development Works Food to expand after moving to the main market: CEO

Development Works Food to expand after moving to the main market: CEO
Development Works Food to expand after moving to the main market: CEO

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Jeddah - Yasmine El Tohamy - RIYADH: The Saudi stock market ended the session on Wednesday up 1 percent to close at 11,369 points.

Some 150.2 million shares changed hands in 271,000 deals, with heavy trading in Al Rajhi bank, Alinma Bank, and Theeb Rent a Car.

The parallel Nomu index was down 87.01 points, or 0.2 percent, it closed at 23,328 points, after 226,000 trades.

A majority of stocks surged, with Al Rajhi Bank climbing 3 Percent to SR142 ($37).

Saudi finished the session up 1 percent to SR36 with about 2.7 million shares exchanging hands.

SABIC Agri-Nutrients closed at SR175, up 5 percent. Qassim Cement climbed 1 percent to SR80.40 after the board recommended distributing cash dividends at SR0.80 per share for Q3 2021.

Amana Insurance and Saudi Enaya also rose after the Saudi Central Bank (SAMA) approved their merger.

The biggest faller was Development Works Food, down about 7.1 percent to SR196.60.

Tadawul halted trading in metal engineering firm Maadaniyah today for two business days after shareholders approved the board’s recommendation for a 16.76 percent capital cut.

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