The performance of the newly listed companies in Saudi Arabia reflects the fluctuation of the market

Good financial results and profit growth did not list a number of companies on the Saudi Stock Exchange in 2024 as their shares dropped below the offering price, while other companies also recorded a major profits for investors during the same year. At a time when the Saudi stock market is experiencing increasing pressure in the light of a state of fluctuation and uncertainty, which is reflected in the performance of the stocks, especially in the food, human resources and health care sectors. The most declining mills were the most affected mills, as the Arab Mills business recorded the largest 28%decline, which dropped from 66 Riyals when they offered 47.4 Riyale in the last trade session. The fourth mills followed by a decrease of 25% to 4 Riyals, despite the fact that it achieved a growth in 2024 by 20% and announced the distribution of cash dividends to shareholders. Modern mills also lost about 21% of their market value, although they scored a slight growth in profits by 3% during the year. The retreat was not only limited to the Mills sector, but also expanded to other companies that experienced similar pressure. Smasco, which works in the human resource sector, has fallen by 13% since the insertion. The part of Fakih, which owns hospitals, also dropped by 8%, despite the announcement that the profits have risen by 3% and the recommendation of its board to distribute cash dividends to shareholders. The profits and double the price despite the declines affected by some of the companies in 2024, other companies achieved strong profits as the shares of nine businesses with the rates increased between 1% and 99%. Rasan achieved the list of the highest profits with profits approaching the share price at the insertion, followed by our waters, with an increase of 86% and Avalon Pharma, which achieved profits of 60%, reflecting positive results for a number of sectors despite the fluctuations in the market. The Saudi stock market has recorded poor performance in collaboration with these declines, as the general index fell 1.8% during the contemporary session during the contemporary session, but it managed to reduce its losses to 0.2% at the closure, to go to 11.718 points, which has been with the lowest level since the beginning of the year.