Care shares hit new 9-year high

Shares of National Medical Care gained on Wednesday by SR3.60 or 4.51% to trade at SR 83.50, the highest in nine years.

The Care’s stock trended higher while most shares of the medical care sector, listed on Tadawul, declined on the day’s trading by 0.67%, also TASI decreased 0.60%.

Trading volume on Care’s stock exceeded million shares with 232 deals executed on the shares worth SR 83.05 million.

It should be noted that Care reported profit jump of 40.2% to SR 136.36 million in 2021 compared to SR 97.27 million.