Saudi Arabia's Tadawul and Nomu Markets: Tadawul Index Drops 1.66%, Best Performers and Worst Performers, Thimar Development and Saudi Advanced Industries Announcements
On Tuesday, Saudi Arabia's Tadawul All Share Index dropped 1.66 percent, or 196.22 points, to close at 11,612.03.
The total trading turnover was SR7.08 billion ($1.89 billion), with 28 stocks advancing and 198 declining.
The parallel market Nomu also slipped by 530.84 points to close at 26,033.02.
The MSCI Tadawul Index shed 23.96 points to end at 1,453.42.
The best-performing stock was SAL Saudi Logistics Services Co., which surged 2.74 percent to SR270.40.
Middle East Healthcare Co. and Tanmiah Food Co. were other top performers, with their share prices increasing by 2.53 percent and 2.46 percent, respectively.
Al-Baha Investment and Development Co. experienced the largest decline in share price on the parallel market, down 7.14 percent to SR0.13.
The best performers were Knowledge Net Co. and Miral Dental Clinics Co., with share price increases of 9.51 percent and 8.68 percent, respectively.
Thimar Development Holding Co. announced a 74 percent reduction in capital from SR250 million to SR65 million, which would not impact the company's obligations, operations, financial performance, or regulatory compliance, and would not change any shareholder's stake.
Saudi Advanced Industries Co. announced a non-binding agreement to acquire Dar Al Balad Business Solutions Co., while Kingdom Holding Co. approved a 2.8% cash dividend payment of SR0.28 per share from retained earnings for 2024.
The acquisitions are part of each company's long-term growth strategies.
The parallel market Nomu also slipped by 530.84 points to close at 26,033.02.
The MSCI Tadawul Index shed 23.96 points to end at 1,453.42.
The best-performing stock was SAL Saudi Logistics Services Co., which surged 2.74 percent to SR270.40.
Middle East Healthcare Co. and Tanmiah Food Co. were other top performers, with their share prices increasing by 2.53 percent and 2.46 percent, respectively.
Al-Baha Investment and Development Co. experienced the largest decline in share price on the parallel market, down 7.14 percent to SR0.13.
The best performers were Knowledge Net Co. and Miral Dental Clinics Co., with share price increases of 9.51 percent and 8.68 percent, respectively.
Thimar Development Holding Co. announced a 74 percent reduction in capital from SR250 million to SR65 million, which would not impact the company's obligations, operations, financial performance, or regulatory compliance, and would not change any shareholder's stake.
Saudi Advanced Industries Co. announced a non-binding agreement to acquire Dar Al Balad Business Solutions Co., while Kingdom Holding Co. approved a 2.8% cash dividend payment of SR0.28 per share from retained earnings for 2024.
The acquisitions are part of each company's long-term growth strategies.
Translation:
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