RIYADH: Saudi Arabia’s Tadawul All Share Index ended Tuesday’s trading in red, as it shed 47.40 points or 0.38 percent to close at 12,424.32.
The total trading turnover of the benchmark index was SR6.36 billion ($1.70 billion), with 69 stocks advancing and 155 retracting.
Nomu, Saudi Arabia’s parallel market, gained 143.56 points to close at 31,570.32 while the MSCI Tadawul Index edged down by 0.46 percent to 1,543.86.
The best-performing stock on the main market was Raoom Trading Co. The firm’s share price soared by 5.59 percent to SR189.
The share price of Fawaz Abdulaziz Alhokair Co. increased by 5.38 percent to SR15.68.
Zamil Industrial Investment Co. also saw its stock price climbing by 4.91 percent to SR36.35.
Conversely, Tihama Advertising and Public Relations Co.’s share price declined by 3.4 percent to SR16.50.
On the parallel market, Mohammed Hadi Al Rasheed and Partners Co. was the top gainer, with its share price increasing by 6.98 percent to SR138.
On the announcements front, Saudi Electricity Co. said that it commenced issuing a dollar-denominated, senior secured sukuk on Feb.11 with the offering set to run until Feb.12.
SEC, in a statement to Tadawul, said that the sukuk has a minimum subscription level of $200,000, while the final issuance size will be determined based on market conditions.
The company added that the offering is being conducted through a special-purpose vehicle and is available to qualified investors within the Kingdom and abroad.
SEC’s share price dropped by 0.46 percent to SR17.22.
Hedab Alkhaleej Trading Co. has set the price range for its initial public offering on Nomu at SR48 to SR52 per share, the firm’s financial adviser and lead manager Yaqeen Capital said.
According to a Tadawul statement, the offering comprised of 800,000 ordinary shares representing 10.67 percent of the issued share capital of the company after the IPO.
The book-building period for qualified investors will run on Feb. 16-20.
