Saudi Arabia’s Tadawul All Share Index Takes a Dip
In a day of trading turmoil, Saudi Arabia’s Tadawul All Share Index slipped, losing 73.02 points, or 0.60 percent, to close at 12,125.36.
Market Movements
The total trading turnover of the benchmark index reached SR6 billion ($1.6 billion) as 68 stocks advanced and 155 retreated.
The Kingdom’s parallel market Nomu also experienced a slip, dropping 25.51 points, or 0.09 percent, to close at 27,036.50. This decline saw 24 stocks advance and 40 retreat.
Similarly, the MSCI Tadawul Index decreased by 13.53 points, or 0.89 percent, closing at 1,515.07.
Stock Performance Highlights
Al-Baha Investment and Development Co. emerged as the best-performing stock of the day, with its share price surging by 7.69 percent to SR0.14.
Other top performers included Almasane Alkobra Mining Co. and the Mediterranean and Gulf Insurance and Reinsurance Co., with their share prices soaring by 7.05 percent and 6.72 percent, respectively.
On the flip side, Fawaz Abdulaziz Alhokair Co. experienced the biggest drop, with its share price falling by 8.04 percent to SR10.06.
Nomu Market Highlights
Future Care Trading Co. stood out as the top gainer on Nomu, with its share price rising by 11.05 percent to SR15.28.
Other notable performers on Nomu included Professional Medical Expertise Co. and Osool and Bakheet Investment Co., whose share prices soared by 8.42 percent and 4.53 percent, respectively.
However, Leen Alkhair Trading Co. experienced a significant drop in its share price on Nomu, with a 7.72 percent decrease to SR26.90.