Saudi establishments directed to disclose updates on staff accommodations
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Jeddah – Yasmine El Tohamy – Saudi equities rose for the second consecutive day, with the benchmark Tadawul All Share Index (TASI) closing 0.5 percent, or 40 points, higher at 8,721 points on Wednesday.
Total trading reached SR11.5 billion ($3.07 billion), with advance-decline ratio at 136:47.
Blue chip SABIC rose 0.6 percent to SR101.60, while banking major Al Rajhi climbed 0.8 percent to SR75.
Al Yamamah Steel gained 1.4 percent to SR30.10, as the company’s board of directors recommended a 10 percent dividend for FY2019/20.
SIIG surged 5.2 percent to SR28.30, after the firm announced the board of directors recommended a 5 percent cash dividend for the second half of 2020.
Farm Superstores went limit up to close at SR32.45.
On the other hand, Al-Samaani fell 1.2 percent to SR226.40. The company’s board of directors recommended a 5 percent cash dividend for FY2020.
Baazeem was the top decliner, shedding 5.1% percent to SR95.50.
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