RIYADH: Saudi Arabia’s Tadawul All Share Index concluded Wednesday’s trading session at 12,634.33, marking an increase of 27.83 points or 0.22 percent. MSCI Tadawul 30 Index also increased slightly by 1.84 to close at 1,628.17 points. On the other hand, the parallel market, Nomu, closed the day at 25,507.66 points, reflecting a decrease of 80.45 or 0.31 percent. TASI reported a trading volume of SR8.60 billion ($2.294 billion), with 90 stocks gaining and 130 losing steam. The best-performing stock was Saudi Arabian Amiantit Co., whose share price surged 9.83 percent to SR26.6. Today’s second top performer was Al-Baha Investment and Development Co., whose share price soared 7.14 percent to SR0.15. Other gainers included Salama Cooperative Insurance Co. and Etihad Atheeb Telecommunication Co., as their share prices increased by 4.89 and 4.41 percent to SR26.80 and SR101.8. The worst performer was Al Gassim Investment Holding Co., whose share price dropped by 3.96 percent to SR19.40. It was followed by Maharah Human Resources Co., whose share price decreased by 3.26 percent to reach SR6.83. On the parallel market, Nomu, WSM for Information Technology Co., emerged as the top gainer, with its initial share price surging by 26.53 percent to SR62, as it was the company’s first day of listing and commencement of trading. International Human Resources Co. was the major loser on Nomu, as its share price slipped by 3.76 percent to SR4.10. On the announcement front, the Saudi National Bank announced the completion of its US dollar-denominated sukuk offer under its international sukuk program. The bank raised $850 million from the sale of five-year dollar bonds. The financial institution received applications amounting to $3.6 billion, bringing the issuance coverage to more than four times or 4,250 total bonds. According to a statement on Tadawul, these bonds’ final yield came in at 5.129 percent per annum with five years of maturity. “The sukuk may be redeemed prior to the scheduled maturity date in certain cases and the sukuk will be listed on the London Stock Exchange’s International Securities Market,” the bank stated.
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