RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Tuesday, losing 6.72 points, or 0.06 percent, to close at 10,536.28.
The total trading turnover of the benchmark index was SR3.75 billion ($1 billion), as 83 of the listed stocks advanced, while 172 retreated.
The MSCI Tadawul Index increased, up 1.75 points, or 0.13 percent, to close at 1,384.13.
The Kingdom’s parallel market Nomu lost 275.38 points, or 1.15 percent, to close at 23,719.27. This comes as 24 of the listed stocks advanced, while 58 retreated.
The best-performing stock was Al Masar Al Shamil Education Co., with its share price surging by 18.41 percent to SR23.09.
Other top performers included Al-Babtain Power and Telecommunication Co., which saw its share price rise by 3.59 percent to SR66.35, and ACWA Power Co., which saw a 3.33 percent increase to SR192.40.
On the downside, Herfy Food Services Co. was the day’s weakest performer, with its share price falling 5.41 percent to SR15.75.
CHUBB Arabia Cooperative Insurance Co. fell 4.72 percent to SR24.60, while Saudi Industrial Development Co. declined 4.61 percent to SR12.61.
On the announcements front, First Milling Co. has completed its acquisition of a 60 percent stake in Al-Kenan Al-Arabia Trading Co., a single-person limited liability company.
In a filing on Tadawul, the company said ownership had been transferred after all conditions were met, and the required regulatory approvals were obtained.
The transaction, valued at SR48 million, matches the cost disclosed when the binding agreement was announced on Sept. 16.
The move strengthens First Milling’s strategic expansion in the sector, the statement added.
Its shares rose 3.07 percent on the main market to SR48.30.
