RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement for the second consecutive day as it gained 18.09 points, or 0.17 percent, to close at 10,473.23.
The total trading turnover of the benchmark index stood at SR4.11 billion ($1.10 billion), with 72 of the listed stocks advancing, and 183 declining.
The Kingdom’s parallel market Nomu also gained 46.54 points to close at 22,538.40.
The MSCI Tadawul Index edged up by 0.34 percent to 1,397.18.
The best-performing stock on the main market was National Shipping Co. of Saudi Arabia, also known as Bahri, as its share price advanced by 9.96 percent to SR26.72.
Yamama Cement Co. saw its listing increase by 5.77 percent to SR24.95.
Saudi Pharmaceutical Industries and Medical Appliances Corp. also saw its stock price climb by 3.96 percent to SR26.24.
Conversely, the share price of Red Sea International Co. declined by 5.96 percent to SR29.96.
On the announcements front, Riyad Bank announced that it completed the issuance of dollar-denominated, Tier 2 capital sustainable notes, with a total value of $1 billion, under its medium-term note program.
In a Tadawul statement, the financial institution revealed that the settlement of the notes is expected to take place on Jan. 14.
The total number of notes stands at 5,000, based on the minimum currency denomination and total issue volume, while the par value is $200,000.
The notes offer an interest rate of 5.805 percent per annum, with a maturity period of 10 years and callable after five years.
The bank added that the notes will be listed on the London Stock Exchange’s International Securities Market.
The share price of Riyad Bank edged up by 0.68 percent to SR26.84.
