RIYADH: Saudi Arabia’s Tadawul All Share Index fell on Wednesday, losing 74.42 points, or 0.63 percent, to close at 11,656.35. The total trading turnover of the benchmark index was SR5.46 billion ($1.46 billion) as 109 of the listed stocks advanced, while 117 retreated. Similarly, the MSCI Tadawul Index decreased by 12.46 points, or 0.85 percent, to close at 1,458.50. The Kingdom’s parallel market Nomu also dropped by 67.77 points, or 0.26 percent, to close at 26,355.33. This comes as 37 of the listed stocks advanced while as many as 30 retreated. The best-performing stock of the day was Miahona Co., with its share price surging by 8.92 percent to SR24.90. Other top performers include Rasan Information Technology Co. and Gulf Insurance Group, whose share prices soared by 5.91 percent and 5.42 percent, to stand at SR60.90 and SR31.10 respectively. In addition to this, top performers included Saudi Reinsurance Co. and Al-Rajhi Co. for Cooperative Insurance. The worst performer was ADES Holding Co., whose share price dropped by 4.60 percent to SR20.32. Other worst performers were ACWA Power Co. as well as Ataa Educational Co., whose share prices dropped by 3.26 percent and 2.89 percent to stand at SR344.20 and SR60.40, respectively. Another poor performer was Bank Albilad, with its share price dropping by 2.40 percent to SR32.60. In the parallel market, Nomu, Saudi Parts Center Co. was the top gainer, with its share price surging by 8.73 percent to SR59.80. Other top gainers in the parallel market were Munawla Cargo Co. and Abdulaziz and Mansour Ibrahim Albabtin Co., with their share prices surging by 8.63 percent and 7.32 percent to reach SR151 and SR44, respectively. Yaqeen Capital Co. was the major loser on Nomu, as its share price fell significantly by 19.37 percent to SR32.25. Natural Gas Distribution Co. and Neft Alsharq Co. for Chemical Industries were other major losers on Nomu. Their share prices dropped by 7.65 percent and 3.88 percent, reaching SR45.25 and SR3.96, respectively. Other underperforming stocks include Saudi Lime Industries Co. and Professional Medical Expertise Co. On the announcement front, Saudi Tadawul Group Holding Co. has signed a binding sale and purchase agreement with DME Holdings Ltd. and its current shareholders – Eagle Commodities Ltd., New York Mercantile Exchange Inc., and Tatweer Dubai LLC. The Group invested SR107 million by acquiring a 32.6 percent stake in DME Holding Limited representing a combination of new and existing shares. Due to the planned transaction, Tadawul Group will make an indirect investment in Dubai Mercantile Exchange Ltd., a subsidiary of DME Holdings regulated by the Dubai Financial Services Authority. Furthermore, the group will hold an equal position as the largest shareholder in DME Holdings alongside CME.