https://arab.news/rjzgv
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 19.40 points, or 0.16 percent, to close at 11,962.90.
The total trading turnover of the benchmark index was SR5.75 billion ($1.53 billion), as 113 of the listed stocks advanced, while 109 retreated.
The MSCI Tadawul Index decreased by 0.27 points, or 3.99 percent, to close at 1,490.12.
The Kingdom’s parallel market Nomu slipped, losing 245 points, or 0.95 percent, to close at 25,495.79. This comes as 25 of the listed stocks advanced, while 44 retreated.
The best-performing stock of the day was Saudi Fisheries Co., with its share price surging by 9.90 percent to SR27.75.
Other top performers included Saudi Cable Co., which rose by 8.87 percent to SR81, and and Tourism Enterprise Co., which saw its share price increase 6.74 percent to SR0.95.
The worst performer of the day was Saudi Industrial Export Co., whose share value fell by 9.84 percent to SR2.75.
East Pipes Integrated Co. and Fawaz Abdulaziz Alhokair Co. also saw significant declines, with their shares dropping by 4.24 percent and 3.50 percent to SR140 and SR11.02, respectively.
On the announcement front, Al-Khaleej Training and Education Co. has submitted a request to the Capital Market Authority to increase its capital by issuing 22.65 million new shares to the shareholders of Adhwa’a Al-Hidaya Private Schools Co.
The company will acquire 1.6 million shares, representing 80 percent of Adhwa’a Al-Hidaya’s capital, through this issuance.
AlKhair Capital, as the financial advisor for First Avenue Real Estate Development Co.’s offering, announced a price range of SR5.7 to SR6 per share for its 16.42 million ordinary shares, representing 8.01 percent post-offering. The bidding period for qualified investors will run from Sept. 10 to 16.