Saudi Stocks Rise on Earnings Reports and IPO Success
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Saudi Arabia’s benchmark index rose on Sunday, gaining 0.79% to close at 10,938.95 points
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The parallel Nomu market also rose, gaining 0.96% to close at 22,584.38 points
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National Medical Care was the best performing stock, surging 12.40%
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Al-Etihad Cooperative Insurance was the worst performer, dropping 8.03%
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Several companies like Tanmiah Food announced financial results for the first 9 months of 2023
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Mulkia Investment's IPO on Nomu saw strong interest, with a 240% subscription rate