Closing Bell: Saudi Main Index Closes in Red at 10,832

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, as it shed 17.66 points, or 0.16 percent, to close at 10,832.43. 

The total trading turnover of the benchmark index was SR3.55 billion ($946 million), with 123 of the listed stocks advancing and 106 declining. 

The Kingdom’s parallel market Nomu gained 65.84 points to close at 27,049.84.  

The MSCI Tadawul Index edged down by 0.08 percent to 1,383.41.  

The best-performing stock on the main market was Fawaz Abdulaziz Alhokair Co., with its share price surging by 6.71 percent to SR17.50.  

The share price of Naseej International Trading Co. also rose by 6.14 percent to SR83.  

Saudi Research and Media Group also saw its stock price rising by 5.92 percent to SR150.40.  

Conversely, the share price of United Carton Industries Co., dropped by 3.98 percent to SR41.  

On the announcements front, Meyar Co. said that it received a contract worth SR1.67 million from the Municipality of Unaizah. 

 

In a Tadawul statement, the company revealed that the agreement includes the supply of curbs stones and interlock tiles to the municipality. It added that there are no related parties involved in the deal.  

The share price of Meyar Co. edged up by 0.93 percent to SR54.  

Dar Almarkabah for Renting Cars Co. said that it signed a chauffeur-driven car rental contract valued at SR6.98 million with Wareed Health Medical Co.  

In a Tadawul statement, the company revealed that the contract period is valid for 24 months, adding that the impact of the deal will be visible in the firm’s financials during the second quarter of this year.  

The share price of Dar Almarkabah for Renting Cars Co. was unchanged at SR2.47.