RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Thursday, as it shed 77.22 points or 0.69 percent to close at 11,177.66.
The total trading turnover of the benchmark index stood at SR3.84 billion ($1.02 billion) with 60 of the listed stocks advancing and 189 declining.
The Kingdom’s parallel market Nomu gained 105.87 points to close at 24,242.38.
The MSCI Tadawul Index edged down by 0.89 points to 1,451.47.
The best-performing stock on the main market was Tihama Advertising and Public Relations Co., as its share price rose by 10 percent to SR15.73.
The share price of Saudi Paper Manufacturing Co. advanced by 5.95 percent to SR57.
Methanol Chemicals Co. also saw its stock price increase by 3.90 percent to SR9.60.
Conversely, the stock price of Jahez International Co. for Information System Technology declined by 4.79 percent to SR17.89.
On the announcements front, Edarat Communication and Information Technology Co. said that it received a letter of award from Etihad Etisalat Co., also known as Mobily, to provide data center colocation services.
According to a Tadawul statement, the one-year contract is valued at SR18.05 million, and the deal includes an option to extend the agreement for an additional four years, bringing the total potential value to SR59.6 million.
The company added that the financial impact of the deal will be visible from the fourth quarter of this 2025.
The share price of Edarat edged up by 0.91 percent to SR222.
Foods Gate Trading Co. announced that it opened its new restaurant, Maman, in the Hittin District, Riyadh.
According to a Tadawul statement, the opening of the new restaurant aligns with the company’s expansion strategy to broaden its portfolio of owned brands and strengthen its presence in the hospitality sector in the Kingdom.
The stock price of Foods Gate Trading Co. was unchanged on Thursday at SR31.80.
