RIYADH: A total of 83 listed companies on the Saudi Stock Exchange (Tadawul) were trading above their three-month average when the bourse closed for the week on Thursday, according to data compiled by financial news website Argaam.
Topping the list with a massive 2,646 percent surge was Mouwasat Medical Services Company. The rise comes as the medical firm reported a 36 percent year-on-year increase in profit to SR147.2 million in the first quarter (Q1) of 2021.
The hospital segment was the main catalyst, with revenue up 10 percent to SR466.1 million in the first three months of this year.
In fact, overall revenue from the company’ hospital sector has risen by 185 percent during the past five years, while the pharmacies segment also reported a boost of 130 percent across the same period.