Saudi Stock Market Slips as Tadawul All Share Index Falls
In a tumultuous day of trading, Saudi Arabia’s Tadawul All Share Index slipped by 0.28 percent, losing 32.93 points to close at 11,697.04. The total trading turnover of the benchmark index reached SR8.6 billion ($2.3 billion), with 115 listed stocks advancing and 109 retreating.
Nomu Market Sees Decline as Well
The Kingdom’s parallel market, Nomu, also experienced a drop with a decrease of 0.18 percent, shedding 47.75 points to close at 26,777.87. Out of the listed stocks, 21 advanced while 33 retreated.
MSCI Tadawul Index Follows Suit
Similarly, the MSCI Tadawul Index witnessed a decline of 0.34 percent, dropping 5.07 points to close at 1,470.61. The day’s standout performer on TASI was Miahona Co., whose share price surged by 9.93 percent to SR23.46.
Top Performers and Losers of the Day
Other top performers included Etihad Atheeb Telecommunication Co. and Jazan Development and Investment Co., with their share prices soaring by 7.88 percent and 6.92 percent, respectively. On the other hand, Fawaz Abdulaziz Alhokair Co. was the worst performer of the day, witnessing a drop of 5.99 percent.
Nomu Market Standouts
In Nomu, Osool and Bakheet Investment Co. emerged as the top gainer, with its share price rising by 16.80 percent. Other strong performers in Nomu were Mohammed Hadi Al Rasheed and Partners Co., as well as Al Mohafaza Co. for Education.
Major Fallers on Nomu
Mulkia Investment Co. experienced a significant drop of 9.80 percent, followed by Alwasail Industrial Co. and Lana Medical Co. with declines of 4.68 percent and 4.47 percent, respectively. Other major losers include Saudi Top for Trading Co. and Jahez International Co. for Information System Technology.