Editor's Note: the "Trending Saudi Stocks" column tracks the day's top bullish stocks in the KSA market, aiding investors in promptly identifying opportunities for potential gains.

At the close of 20/11/2024, the Tadawul All Shares Index dropped by 0.07%, closing at 11867.92 points; the Parallel Market Capped Index rose by 0.98%, closing at 29859.11 points. Sahm has compiled the Top 10 Daily Stock Price Gainers in the KSA market.

The Top 10 Daily Gainers in the KSA market are listed as follows:

Al-Baha Investment and Development Co.: The daily gain is 7.1%, reports robust YTD results, boosting investor confidence in the company's prospects.

Al-Baha Investment and Development Co.(4130.SA), a public company established in November 1992, has been listed on the Saudi Stock Exchange (Tadawul) since January 1993. Headquartered in Baljurashi, Saudi Arabia, the firm operates in the Diversified Financials sector, specializing in Multi-Sector Holdings. Al Baha's business model focuses on diversified investments across various industries.

In a noteworthy development, the possible reason for the stock price increase of 4130.SA (Al-Baha Investment and Development Co.) may be attributed to its strong year-to-date performance. The company's shares have surged an impressive 114.3% since the beginning of the year, with a recent daily gain of 7.1%. This remarkable upward trajectory suggests sustained investor confidence in Al-Baha's diversified financial operations and multi-sector holdings. The consistent positive momentum throughout the year may be attracting additional market interest, further driving the stock's upward movement.

Saudi Cable Co.: The daily gain is 5.0%, Reports Q3 growth, names new CEO. Strong performance drives positive outlook.

Saudi Cable Co.(2110.SA) is a publicly traded entity on the Saudi Stock Exchange (Tadawul) since 1993. Operating in the Capital Goods sector, SCC specializes in Electrical Components and Equipment. The company, founded in 1975, is headquartered in Jeddah, Saudi Arabia. SCC's listing on Tadawul provides investors with exposure to the Saudi electrical equipment industry.

In a noteworthy development, the possible reason for the stock price increase of 2110.SA (Saudi Cable Co.) may be attributed to several factors. The company reported robust Q3 2024 financial results, with revenue surging 109% year-over-year to 7.27 million Saudi Riyals and net profit soaring 430% to 17.2 million Saudi Riyals. Additionally, earnings per share improved from 2.06 to 2.58 Saudi Riyals. The appointment of Khaled Bin Asaad Khashogji as CEO, effective November 6, 2024, has bolstered investor confidence. The board's strategic decision to establish a CEO position is viewed positively for operational efficiency. These factors, combined with the stock's impressive 78.3% year-to-date gain, reflect strong investor interest in Saudi Cable Co.'s prospects.