https://arab.news/gcwxh
- MSCI Tadawul Index decreased by 16.87 points, or 1.12%, to close at 1,490.22
- Parallel market Nomu surged, gaining 227.15 points, or 0.87%, to close at 26,205.65
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 131.24 points, or 1.09 percent, to close at 11,907.43.
The total trading turnover of the benchmark index was SR7.01 billion ($1.86 billion), as 28 of the listed stocks advanced, while 201 retreated.
The MSCI Tadawul Index decreased by 16.87 points, or 1.12 percent, to close at 1,490.22.
The Kingdom’s parallel market Nomu surged, gaining 227.15 points, or 0.87 percent, to close at 26,205.65. This comes as 46 of the listed stocks advanced, while 27 retreated.
The best-performing stock of the day was Red Sea International Co., with its share price surging by 4.30 percent to SR63.
Other top performers included Saudi Industrial Development Co., which saw its share price rise by 2.91 percent to SR30.10, and The Co. for Cooperative Insurance, which saw a 2.80 percent increase to SR147.
United Wire Factories Co. and Alkhorayef Water and Power Technologies Co. also saw a positive change at 2.64 percent and 2.34 percent to SR31.15 and SR166.40, respectively.
The worst performer of the day was Al-Baha Investment and Development Co., whose share price fell 6.90 percent to SR0.27.
ARTEX Industrial Investment Co. and Anaam International Holding Group also saw declines, with their shares dropping by 4.92 percent and 4.48 percent to SR17 and SR1.28, respectively.
Ataa Educational Co. and Abdullah Al Othaim Markets Co. also saw negative changes at 4.46 percent and 4.32 percent to SR79.30 and SR11.96, respectively.
On the announcements front, Value Capital, acting as the financial adviser and offering manager for the potential initial public offering of Shalfa Facilities Management Co., has announced the offering price of the company’s shares at SR61 per share.
According to a Tadawul statement, the offering consists of 630,000 ordinary shares, representing 15 percent of the company’s issued capital, which will be sold by existing shareholders.
All ordinary shares, representing 100 percent of the offering, will be allocated to qualified investors, the statement said.
The minimum number of shares each qualified investor can subscribe to is 10, while the maximum is 209,990.
The subscription period for qualified investors will begin on Oct. 20 and conclude on Oct. 28.