Saudi Main Index Ends Little Changed; Nomu Slips
Benchmark Tadawul All Share Index Closes at 10,667.44 Amid Mixed Performance.
Riyadh: Saudi Arabia's benchmark stock index ended virtually unchanged on Tuesday, shedding just 3.12 points or 0.03 percent to close at 10,667.44.
The total trading volume for the main index amounted to SR4.32 billion ($1.15 billion), with a net gain of 66 advancing stocks and 186 declining.
The parallel market Nomu suffered a decline, slipping 1.12 percent or 290.85 points to finish at 25,642.38.
On the other hand, the MSCI Tadawul Index demonstrated a modest increase, adding 1.92 points to reach 1,383.42.
Saudi Pharmaceutical Industries and Medical Appliances Corp led the gainers' list, rising by 3.49 percent to SR27.30, followed by Tamkeen Human Resource Co., which gained 1.98 percent reaching SR56.75, and Al Kathiri Holding Co., climbing 1.90 percent to reach SR2.14.
Conversely, Naseej International Trading Co experienced a decline of 6.28 percent to settle at SR92.60, while Marketing Home Group for Trading Co., which made its debut on the main market on Tuesday, fell by 4.94 percent down to SR80.80.
In terms of announcements, Arab National Bank revealed it had initiated an offering of dollar-denominated additional Tier 1 sukuk, set to run from September 2nd to September 3rd.
According to Tadawul's statement, the minimum subscription limit was $200,000, with increments of $1,000 thereafter.
The final issuance size and terms were to be determined by market conditions.
ANB added that the sukuk would be listed on the London Stock Exchange's International Securities Market and offered under Regulation S of the US Securities Act of 1933 as amended.
The bank also mentioned that the closing date of the offering remained indicative, subject to market conditions.
ANB shares closed with a decline of 0.74 percent down to SR22.93.
The total trading volume for the main index amounted to SR4.32 billion ($1.15 billion), with a net gain of 66 advancing stocks and 186 declining.
The parallel market Nomu suffered a decline, slipping 1.12 percent or 290.85 points to finish at 25,642.38.
On the other hand, the MSCI Tadawul Index demonstrated a modest increase, adding 1.92 points to reach 1,383.42.
Saudi Pharmaceutical Industries and Medical Appliances Corp led the gainers' list, rising by 3.49 percent to SR27.30, followed by Tamkeen Human Resource Co., which gained 1.98 percent reaching SR56.75, and Al Kathiri Holding Co., climbing 1.90 percent to reach SR2.14.
Conversely, Naseej International Trading Co experienced a decline of 6.28 percent to settle at SR92.60, while Marketing Home Group for Trading Co., which made its debut on the main market on Tuesday, fell by 4.94 percent down to SR80.80.
In terms of announcements, Arab National Bank revealed it had initiated an offering of dollar-denominated additional Tier 1 sukuk, set to run from September 2nd to September 3rd.
According to Tadawul's statement, the minimum subscription limit was $200,000, with increments of $1,000 thereafter.
The final issuance size and terms were to be determined by market conditions.
ANB added that the sukuk would be listed on the London Stock Exchange's International Securities Market and offered under Regulation S of the US Securities Act of 1933 as amended.
The bank also mentioned that the closing date of the offering remained indicative, subject to market conditions.
ANB shares closed with a decline of 0.74 percent down to SR22.93.
