https://arab.news/6hrt7
RIYADH: ֱ’s Tadawul All Share Index dropped on Sunday, losing 78.57 points, or 0.69 percent, to close at 11,229.54.
The total trading turnover of the benchmark index was SR4.89 billion ($1.30 billion), as 125 of the listed stocks advanced, while only 118 retreated.
The MSCI Tadawul Index also decreased, down 13.01 points or 0.88 percent, to close at 1,460.29.
The Kingdom’s parallel market Nomu lost 5.60 points, or 0.02 percent, to close at 25,455.54. This comes as 42 of the listed stocks advanced, while 44 retreated.
The best-performing stock during today’s session was CHUBB Arabia Cooperative Insurance Co., with its share price surging by 10 percent to SR38.72.
Other top performers included Fawaz Abdulaziz Alhokair Co., which saw its share price rise by 9.97 percent to SR28.46, and Obeikan Glass Co., which saw a 9.88 percent increase to SR32.46.
Arabian Contracting Services Co. rose 6 percent to SR99.85, while East Pipes Integrated Co. for Industry gained 5.38 percent to SR123.40.
On the downside, the worst performer of the day was Sustained Infrastructure Holding Co., whose share price fell by 3.35 percent to SR32.86.
Jadwa REIT Saudi Fund fell 3.33 percent to SR10.74, while Al Rajhi Bank dropped 3.15 percent to SR101.50.
Arriyadh Development Co. fell 2.91 percent to SR29.40, while Saudia Dairy and Foodstuff Co. declined 2.77 percent to SR274.
On the announcements front, the board of directors of Saudi Networkers Services Co. approved the company’s move from the parallel market, known as Nomu, to the main market.
The company said it will commence fulfilling the applicable requirements and coordinating with the relevant authorities to obtain the necessary approvals for the transfer to the main market.
“The transfer to the main market is subject to the approval of the Saudi Capital Market Authority and conditional upon meeting all the applicable requirements. Any material developments regarding the event will be announced as they occur,” the statement added.
The Saudi Networkers Services Co.’s shares traded 3.25 percent higher on the parallel market to close at SR74.55.