RIYADH: Saudi Arabia’s Tadawul All Share Index was steady on Wednesday, as it shed just 4.33 points or 0.04 percent to close at 12,101.21.
The total trading turnover of the benchmark index was SR6 billion ($1.60 billion) with 108 of the listed stocks advancing, while another 108 declining.
The Kingdom’s parallel market showcased a positive performance, as it gained 173.13 points to close at 26,337.13.
The MSCI Tadawul Index marginally shed 0.05 points to 1,512.89.
Kingdom Holding Co. was the best-performing stock of the day, as the firm’s share price surged by 8.52 percent to SR8.53.
Other top performers on the main index were the Mediterranean and Gulf Insurance and Reinsurance Co. and Amlak International Finance Co., whose share prices soared by 6.71 percent and 5.36 percent, respectively.
The worst performer of the day was Arabian Contracting Services Co., as its share price declined by 3.14 percent to SR228.60.
Share prices of Dr. Soliman Abdel Kader Fakeeh Hospital Co. and Modern Mills for Food Products Co., also slipped by 3.04 percent and 2.62 percent, respectively.
The positive performance of Nomu was driven by Clean Life Co., with its share price edging up by 12.90 percent to SR105.
The share prices of Naba Alsaha Medical Services Co. and Qomel Co. – both listed on the parallel market – also increased by 10 percent and 5.76 percent, respectively.
The worst performer on Nomu was Alhasoob Co., which saw its share price edge down by 5.79 percent to SR50.40.
Other losers on the parallel market were Marble Design Co. and Al Rashid Industrial Co., whose share prices slipped by 5.56 percent and 4.86 percent, respectively.
On the announcements front, Sure Global Tech Co. said that it received a contract worth SR13.97 million from Saudi Arabia’s Research, Development and Innovation Authority.
In a press statement, the company revealed that the scope of the contract includes establishing and developing a national electronic platform for RDIA to manage and support the authority’s research, development and innovation.
The three-year project aims to create and develop a national e-platform for research management that considers the requirements of digital government, Sure Global Tech added.
