Saudi Arabia's Tadawul All Share Index slipped on Sunday, losing 44.46 points, or 0.40 percent, to close at 11,076.67. The total trading turnover on the benchmark index reached SR2.79 billion ($751 million), with 95 stocks advancing and 164 declining.
Parallel Market and MSCI Index Performance
Similarly, the Kingdom's parallel market Nomu lost 26.71 points, or 0.11 percent, to close at 23,202.13. A total of 33 stocks advanced, while 27 declined. The MSCI Tadawul Index lost 7.58 points, or 0.51 percent, to close at 1,481.14.
Top Performers and Losers
The best-performing stock of the day was Saudi Fisheries Co., whose share price surged 9.98 percent to SR44.96. Other top performers included Tamkeen Human Resource Co., whose share price rose 3.99 percent to SR48.48, as well as National Metal Manufacturing and Casting Co., whose share price surged 3.78 percent to SR12.35.
LIVA Insurance Co. recorded the steepest decline, falling 5.30 percent to SR12.50. Jarir Marketing Co. also saw its shares fall 3.82 percent to SR16.10. United International Transportation Co. also saw its shares decline 3.31 percent to SR33.34.
Corporate Announcements: Cenomi Centers Capital Increase
On the announcements front, Arabian Centres Co., or Cenomi Centers, announced that its board has recommended increasing the company's capital from SR4.75 billion to SR5.17 billion through the issuance of bonus shares, including the capitalization and allocation of shares for employees. According to a Tadawul statement, the capital increase is intended to support the company's growth strategy, strengthen its financial position, and allocate a portion of the new shares to an employee share program to be established as a long-term incentive. Cenomi Centers ended the session at SR17.08, up 0.29 percent.
Update on Saudi Chemical Co. Contract
Saudi Chemical Co. Holding announced the latest developments regarding its contract with Bosnia's TRB Co. for the transfer of know-how and the localization of the manufacture of mechanical fuzes for 155 mm and 105 mm ammunition and mortar rounds. A bourse filing said the agreement remains in force as the company continues to complete regulatory requirements, including obtaining the necessary licenses, conducting field trials, and meeting end-user requirements ahead of product qualification and approval. The company expects the contract to have a positive financial impact once product qualification is completed and commercial production begins, with any material developments to be announced in due course. Saudi Chemical Co. Holding ended the session at SR8.36, down 0.96 percent.
