Arab News
Arab news, Thu, Jun 19, 2025 | Dhu al-Hijjah 23, 1446
Closing Bell: Saudi main index slips 1.15% to close at 10,591
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index declined on
Wednesday by 122.69 points, or 1.15 percent, to end at 10,591.13.
Total trading turnover of the benchmark index was
SR6.22 billion ($1.66 billion), with 18 stocks advancing and 231 declining.
The MSCI Tadawul Index also decreased by 11.84
points, or 0.86 percent, to close at 1,366.6
The Kingdom’s parallel market, Nomu, reported
drops, losing 254.4 points, or 0.96 percent, to close at 26,203.84 points. This
comes as 30 stocks advanced while as many as 55 retreated.
Among the top gainers, BAAN Holding Group Co. rose
1.6 percent to SR36.85, while Advanced Petrochemical Co. added 1.26 percent to
end at SR28.1.
Dallah Healthcare Co. and Naseej
International Trading Co. gained 1.05 percent and 0.94 percent, respectively,
closing at SR115.4 and SR74.90.
Saudi Tadawul Group Holding Co. also rose 0.87
percent to close at SR162.
Among the worst performers, National Co. for
Learning and Education led losses with a decline of 7.53 percent to close at
SR140.
Saudi Marketing Co. followed, shedding 7.04
percent to settle at SR15.32, while Ataa Educational Co. fell 5.85 percent to
SR61.20.
Arabian Pipes Co. ended the session down 5.46
percent at SR5.54, and Saudi Reinsurance Co. edged 5.13 percent lower to
SR42.55.
On the announcements front, Saudi National Bank
announced its intention to fully redeem its SR4.2 billion Tier-1 capital sukuk at
face value on June 30, marking the fifth anniversary of its issuance.
The sukuk, which was issued on June 30, 2020, with
a total value of SR4.2 billion, will be redeemed at 100 percent of the issue
price in accordance with its terms and conditions.
The bank confirmed that all necessary regulatory
approvals for the redemption have already been obtained.
SNB closed Wednesday’s session 0.43 percent
lower to reach SR34.35.
Saudi Arabia’s low-cost carrier flynas made its
stock market debut, opening at SR77.50 and climbing to SR84.10 before retreating
to a low of SR69.90. The stock closed at SR77.30, 3 percent below its IPO price
of SR80.