Saudi Arabia .. Jaco shares ascends to its highest level in 10 months

The share of Al -Qassim Holding Company for Investment “Jaco” listed in the Saudi stock market “Tadawul” with 1.75% in the middle of the Saudi market trading today, Thursday, to trade at the price of 20.98 riyals per share, to achieve its highest level in 10 months.

The trading on the shares of Al -Qassim Holding Company “Jaco” at that time came at 600.54 thousand shares with a value of trading 12.67 million riyals.

The highest price for the share at that time was at 21.46 riyals per share during the session, while the lowest price for the share was at 20.80 riyals per share.

The stock touted its highest price in 10 months and 18 days.

The preliminary financial results of the Qassim Holding Company “Jaco” revealed a decline in net profits during the third quarter of 2024 by 55.6% compared to the previous year.

The company explained that the net loss amounted to about 1.08 million riyals, compared to losses of 2.45 million riyals in the same quarter of last year.

The company’s sales also witnessed a decline of 5.64%, to reach about 2.51 million riyals, compared to 2.66 million riyals in the same quarter of the previous year.

It should be noted that the Qassim Holding Company for Investment (Jaco) is a public joint stock company listed in the Saudi financial market (Tadawul) since January 1993, and it works in the food, beverage and tobacco sector, with a special focus on agricultural products.