RIYADH: Saudi Arabia’s Tadawul All Share Index was steady on Sunday, as it just dropped 1.01 points, or 0.01 percent, to close at 11,396.13.
The total trading turnover of the benchmark index was SR5.53 billion ($1.47 billion), as 120 stocks advanced, while 91 retracted.
While the parallel market Nomu dropped by 21.25 points to 21,828.43, the MSCI Tadawul Index shed 1.40 points to close at 1,508.01.
Thimar Development Holding Co. was the best-performing stock as its share price edged up by 9.87 percent to SR36.75.
Saudi Pharmaceutical Industries and Medical Appliances Corp. and Astra Industrial Group were other top gainers whose share prices soared by 7.53 percent and 6.69 percent respectively.
In a Tadawul statement, Saudi Pharmaceutical Industries and Medical Appliances Corp. noted that its board of directors recommended the repurchase of a maximum of 815,000 shares.
The statement added that the repurchased shares, which account for almost 0.68 percent of the firm’s total shares, will be allocated to the long-term incentive program for employees.
The worst performer of the day was National Gas and Industrialization Co. with its share price dropping by 4.38 percent.
Meanwhile, the shareholders of Maharah Human Resources Co. approved the board’s recommendation to raise capital by 26.7 percent from SR375 million to SR475 million.
The company in a statement said that the capital raise is being done to strengthen the financial position of the firm.
Scientific and Medical Equipment House Co. also announced that its board of directors proposed to increase its capital from SR200 million to SR300 million through the distribution of one bonus share for every two shares held.
