RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 3.26 points, or 0.03 percent, to close at 10,985.56.
The total trading turnover of the benchmark index was SR5.30 billion ($1.41 billion), as 119 of the listed stocks advanced, while 135 retreated.
The MSCI Tadawul Index also increased, gaining 0.66 points, or 0.04 percent, to close at 1,469.34.
The Kingdom’s parallel market Nomu gained 36.47 points, or 0.16 percent, to close at 22,779.60. This comes as 34 of the listed stocks advanced, while 31 retreated.
The best-performing stock was Dar Albalad for Business Solutions Co., with its share price surging 28.21 percent to SR12.50.
Other top performers included Kingdom Holding Co., which saw its share price rise by 6.34 percent to SR11.40, and Savola Group, which saw a 6.17 percent increase to SR28.90.
On the downside, United International Holding Co. saw its share price decline 8.14 percent to SR41.08.
Tabuk Agricultural Development Co. saw its shares drop 4.78 percent to SR6.18, while Saudi Enaya Cooperative Insurance Co. declined 4.08 percent to SR11.51.
On the corporate front, Dar Almarkabah for Renting Cars Co. said its previously announced plan to acquire all shares of Al Sahm Al Thahabi Car Rental Co. will no longer proceed.
The company, which had signed a memorandum of understanding with Al Sahm Al Thahabi Car Rental Co. on Aug. 11, confirmed that following the completion of the necessary studies and discussions between both parties, no final agreement was reached regarding the completion of the transaction.
As a result, the MoU has been formally terminated and canceled. No costs were associated with the event.
The company’s share price remained unchanged on Nomu at SR1.06.
