https://arab.news/52spk
RIYADH: Saudi Arabia’s Tadawul All Share Index held steady on Wednesday, closing at 11,595.20 after a minor decrease of 10.89 points or 0.09 percent.
The benchmark index saw a total trading turnover of SR4.99 billion ($1.33 billion), with 65 listed stocks advancing and 161 declining.
On the other hand, the Kingdom’s MSCI Tadawul Index edged up by 0.15 percent to 1,448.73.
However, Saudi Arabia’s parallel market Nomu declined by 1.39 percent to close at 25,745.14.
The top-performing stock of the day was Al-Baha Investment and Development Co., with its share price surging by 8.33 percent to SR0.13.
In the main market, other top performers included Gulf Insurance Group and Alamar Foods Co., whose share prices soared by 4.52 percent and 4.18 percent, respectively.
Conversely, the worst performer on the benchmark index was Rasan Information Technology Co., with its share price declining by 5.26 percent to SR61.20.
In the parallel market, share prices of Mohammed Hadi Al Rasheed and Partners Co. and Edarat Communication and Information Technology Co. surged by 16.34 percent and 8.07 percent, respectively.
However, Ladun Investment Co., listed on Nomu, saw its share price drop by 16.67 percent to SR4.30.
On the announcements front, Arabian International Healthcare Holding Co., also known as Tibbiyah, completed the acquisition of Al-Hammad Medical Services Co. for SR35 million.
Meanwhile, Sumou Real Estate Co. announced a SR1.3 billion contract with Jubail and Yanbu Industrial Cities Services Co. to design and build 1,104 residential units in Yanbu Industrial City.
In a Tadawul statement, the company confirmed that the contract for the project is effective for 36 months.
Sumou Real Estate Co. further noted that the project will have a positive impact on the company’s results starting from the beginning of the development process.
The statement also added that there are no related parties involved in the project.