RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Wednesday, as it shed 112.82 points, or 0.99 percent, to close at 11,298.16. Saudi Arabia’s parallel market Nomu decreased, as it lost 217.47 points to close the day’s trading session at 23,328.28. The MSCI Tadawul Index also lost 15.45 points to finish at 1,459.06. The total trading turnover of the benchmark index was SR6.18 billion ($1.65 billion) as 56 of the stocks advanced, while 163 declined. Al Sagr Cooperative Insurance Co. was the best-performing stock of the day. The company’s share price soared by 9.95 percent to SR19.30. Other top gainers include Salama Cooperative Insurance Co. and Saudi Chemical Co. whose share prices surged by 9.88 percent and 8.91 percent, respectively. The worst performer of the day was The Co. for Cooperative Insurance, also known as Tawuniya, as its share price edged down 4.48 percent to SR134. Paper Home Co. was the top gainer on the parallel market, with its value going up by 29.86 percent to SR164.40 per share. On Nomu, the worst performer was Jahez International Co. for Information System Technology, whose share price dropped by 7.02 percent to SR498. Meanwhile, Al-Jouf Agricultural Development Co. announced a recommendation by the board of directors to reduce the nominal value of a share from SR10 to SR1. According to a Tadawul statement, after the adjustment, the number of company shares will increase to 300 million from 30 million. The company promises to complete all essential procedures and says any developments will be reported when they are ready.