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 28/11/2024, the Tadawul All Shares Index rose by 0.44%, closing at 11641.31 points; the Parallel Market Capped Index rose by 0.76%, closing at 30394.7 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:

Tamkeen Human Resource Co.: The daily gain is 18.0%, Strong financials, successful IPO, and expanding client base drive growth.

In a noteworthy development, the possible reasons for the stock price increase of 1835.SA (Tamkeen Human Resource Co.) may be: 1. Impressive financial performance, with Q3 2023 net profit surging 130.23% year-over-year to 29.7 million Saudi Riyals. 2. Strong revenue growth of 64% in Q3 2023, particularly in the business division, which saw 110% growth. 3. Successful IPO on November 27, 2024, with high oversubscription rates: 14.43 times for individual investors and 138.2 times for institutional investors. 4. Daily price fluctuation limit of ±30% for the first three trading days post-listing, potentially driving rapid price increases due to high demand. 5. Positive market sentiment, as evidenced by the stock's top ranking on the Sahm App's hot stocks list. 6. Expanding client base, with 4,262 entities under contract as of March 31, 2024.

Zamil Industrial Investment Co.: The daily gain is 8.7%, shares rise as investors show confidence in the company's performance and outlook.

Zamil Industrial Investment, trading as Zamil Indust, has been publicly listed on the Saudi Stock Exchange (Tadawul) since February 2002. The company operates in the Materials sector, specializing in steel products. Founded in September 1976, Zamil Indust is headquartered in Dammam, Saudi Arabia. It has established itself as a significant player in the industrial sector of the region.

In a noteworthy development, the possible reason for the stock price increase of 2240.SA (Zamil Industrial Investment Co.) may be attributed to strong investor confidence and positive market sentiment. The company's shares surged 8.7% in a single trading session, positioning it among the top gainers. This impressive daily performance contributes to a robust year-to-date gain of 11.8%, reflecting sustained investor interest. The significant price movement and increased market capitalization, now standing at 17.6 billion Saudi Riyals, suggest potential underlying factors such as improved financial performance, new project announcements, or favorable industry trends in the Saudi Arabian market.

Dr. Soliman Abdel Kader Fakeeh Hospital Co.: The daily gain is 5.7%, Secures credit facility, shows strong financials, and plans expansion.

In a noteworthy development, the possible reason for the stock price increase of 4017.SA (Dr. Soliman Abdel Kader Fakeeh Hospital Co.) may be attributed to several positive factors. The company recently renewed an Islamic credit facility agreement with Arab National Bank for 750 million Saudi Riyals, aimed at supporting expansion plans. Additionally, Fakeeh Care reported strong financial performance, with a 15.61% year-on-year increase in net profit and 23.06% revenue growth for the first nine months of 2024. The company's strategic land acquisition in Riyadh for a new medical center, valued at 35.2 million Saudi Riyals, aligns with its growth strategy. These developments, coupled with the company's listing on the Saudi Stock Exchange in June 2024, have likely bolstered investor confidence, contributing to the stock's 5.7% daily gain and 10.4% year-to-date increase.

Editor's note: This content was generated by Sahm's in-house AI-enabled SaaS tool and was reviewed by our editing team.