18 sectors rose in the Saudi market, led by the applications and technology services sector by 8.80%, followed by the public utilities sector by 4.89%, followed by the investment and finance sector by 4.26%, then the basic materials sector by 2.96%, then the capital goods sector by 1.45%, then the sector. Long-term goods by 1.43%, then the media and entertainment sector by 1.36%, then the communications sector by 1.25%, then the luxury goods retail sector by 1.11%, then the transport sector by 1.03%, then the real estate management and development sector by 0.85%, while the two sectors declined. Health care and insurance by 0.28%, then the commercial and professional services sector by 0.04%.
128 shares jumped during today’s trading session, led by “Aseer” by 10%, then “Anaam Holding” by 9.97%, then “Metal” by 9.96%, while 58 shares fell, led by “Borouge Insurance” by 5.61% Then the “eligibility” share by 5.08%, then the “Al Kathiri” share by 3.26%, while the “SABIC” share issued the most active list by value and amounted to 852.2 million Saudi riyals.
In a related context, the Saudi Stock Exchange (Tadawul) announced the suspension of trading Samba Financial Group’s shares in the market, starting from Sunday, for one trading session, based on the group’s request in accordance with the provisions of the listing rules and procedures for suspending the trading of listed securities, in preparation for announcing a material event. The stock will resume trading on Monday.
The Saudi Stock Exchange (Tadawul) also announced the suspension of trading the shares of National Commercial Bank in the market, starting today, Sunday, for one trading session, at the request of the bank in accordance with the provisions of the listing rules and procedures for suspending the trading of listed securities, in preparation for the announcement of a material event, provided that The stock will resume trading on Monday.
In another context, the extraordinary general assembly of the Saudi Mobile Telecommunications Company agreed, last Thursday, to reduce the company’s capital, and accordingly, the volatility of the company’s share will be calculated based on the price of 16.34 riyals, and the trading of the company’s share will be suspended based on Listing rules for a period of two working days starting from today, Sunday, provided that the Securities Depository Center Company (Edaa) applies the reduction of the Saudi Mobile Telecommunications Company shares in the shareholders ’investment portfolios, provided that the suspension of trading the company’s shares is lifted at the end of trading tomorrow, Monday.
In a separate context, Samba Group announced that it had signed a binding merger agreement with the National Bank, according to which the two banks agreed to take the necessary steps to implement the merger deal between them in accordance with the provisions of Articles 191 to 193 of the Companies Law and sub-paragraph (1) of Paragraph (a) of Article 49 of the Regulations for Merger and Acquisition issued by the Capital Market Authority (“Merger”).
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