Closing Bell: Saudi main market rose to 11,115 points with $2bn in trade value

RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index rose 142.29 points, or 1.30 percent, on Tuesday to close at 11,115.37.

The MSCI Tadawul 30 Index gained 23.62 points, or 1.62 percent, to 1,485.62, while the Nomu parallel market index advanced 137.46 points, or 0.60 percent, to 22,887.94.

Trading turnover reached SR7.60 billion ($2.03 billion) on volume of 315.7 million shares, with 203 stocks advancing and 54 declining on the main market.

Among the top gainers, United Cooperative Assurance Co. surged 9.90 percent to SR3.33, while ACWA Power Co. climbed 7.73 percent to SR202.20. Gulf General Cooperative Insurance Co. rose 6.40 percent to SR3.99, Gulf Insurance Group gained 5.78 percent to SR30.40, and Saudi Fisheries Co. advanced 5.63 percent to SR40.90.

On the losing side, Rabigh Refining and Petrochemical Co. fell 5.92 percent to SR14.30. Dar Albalad for Business Solutions Co. declined 5.74 percent to SR12.98, while Al Taiseer Group Talco Industrial Co. dropped 5.28 percent to SR35.16.