RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index closed lower on Wednesday, shedding 19.16 points, or 0.17 percent, to end at 11,020.07.
The MSCI Tadawul 30 Index also declined, falling 1.43 points, or 0.1 percent, to close at 1,475.94, while the parallel Nomu market slipped 0.13 percent to 22,764.02.
TASI saw a total of 273 million shares change hands during the session, with trading turnover reaching SR5.56 billion ($1.47 billion). The index saw 87 gainers and 170 losers.
Sustained Infrastructure Holding Co. led gainers, rising 8.7 percent to SR36, followed by Alinma Retail REIT Fund, which gained 4.66 percent to SR4.72. Rabigh Refining and Petrochemical Co. advanced 4.58 percent to SR16, while Al Sagr Cooperative Insurance Co. climbed 4.27 percent to SR11.
Saudi Energy Co. gained 4.05 percent to settle at SR17.49.
On the decliners’ side, Wafrah for Industry and Development fell 6.79 percent to SR20.04, while Saleh Abdulaziz Al Rashed and Sons Co. dropped 4.67 percent to SR51.05.
Saudia Dairy and Foodstuff Co. declined 3.54 percent to SR215.50 and Emaar the Economic City lost 3.41 percent to SR11.06.
The Saudi Exchange announced a series of market actions, including the suspension of trading in Aldawaa Medical Services Co. and Morabaha Marina Financing Co. for one trading session due to their failure to announce financial statements for the period ended March 31.
Trading in both companies will resume for 20 trading sessions starting May 14, during which the firms must disclose their financial results before June 17.
The Securities Depository Center said it had implemented securities quantity increases for United International Holding Co. and Taiba Investments Co. following their capital increases through bonus share distributions.
Saudi Exchange also approved the listing of additional government debt instruments worth SR2.42 billion issued by Saudi Arabia through the Ministry of Finance.
The approval covers increases in five previously listed sukuk issuances, including SR1.02 billion added to the Jan. 15, 2024 issuance, bringing its total value to SR49.17 billion, and SR1.01 billion added to the April 12, 2024 issuance, lifting its total to SR47.13 billion.
Other increases included SR348 million for the August 8, 2023 issuance, SR35 million for the August 10, 2023 issuance, and SR10 million for the Jan. 15, 2026 issuance. Trading of the reissued debt instruments is scheduled to begin on May 14.
