The total trading turnover was SR6.45 billion ($1.72 billion) with 70 stocks advancing and 155 retreating.

The MSCI Tadawul Index also rose by 0.32 percent, or 4.65 points, to close at 1,450.46.

The parallel market, Nomu, increased by 1.18 percent, or 304.90 points, to close at 26,230.43.

The best-performing stock was Miahona Co., which surged 29.91 percent to SR14.94 on its debut on the Saudi main market.

Miahona, a Saudi joint-stock company established in 2008, announced the allocation of a minimum of 10 shares per individual subscriber during its initial public offering (IPO) on May 27, 2023.

This represented about 20% of the total offering.

The individual investor subscription, which consisted of 9.65 million shares, was oversubscribed by 6.1 times, ensuring each individual subscriber received their minimum allotment.

The remaining shares will be distributed proportionally based on each subscriber's requested amount relative to the total shares offered.

The final offering price was set at SR11.5 per share.

Institutional investors will receive 80% of the total shares offered in the Saudi stock market, which amounts to 38.62 million shares.

The text also mentions the significant price changes of certain companies.

Saudi Cement Co. and Taiba Investments Co. experienced increases of 3.82% and 2.71% respectively, while Saudi Cable Co. had a decrease of 7.87%.

Alkhorayef Water and Power Technologies Co. and Etihad Atheeb Telecommunication Co. also had price drops of 7.62% and 4.83% respectively.