RIYADH: Saudi Arabia’s Tadawul All Share Index shed 209.47 points, or 1.71 percent, on Wednesday to close at 12,044.07. The total trading turnover of the benchmark index was SR8.12 billion ($2.16 billion) with 10 stocks climbing and 226 retracting. Saudi Arabia’s parallel market Nomu also slipped by 354.29 points to end the trading at 24,954.76. The MSCI Tadawul Index fell by 1.68 percent to close at 1,508.09. The best-performing stock on the main market was Al-Baha Investment and Development Co. The firm’s share price surged by 8.33 percent to SR0.26. Other top gainers were East Pipes Integrated Co. for Industry and The National Co. for Glass Industries, whose share prices soared by 2.03 percent and 1.67 percent, respectively. The worst-performing stock of the day was Amana Cooperative Insurance Co., as its share price declined by 5.99 percent to SR11.62. On the parallel market, Naseej for Technology Co. and Enma AlRawabi Co. were the top gainers with their share prices soaring by 8.86 percent and 7.89 percent, respectively. The worst performer on Nomu was Naba Alsaha Medical Services Co. as its share price dropped by 9.80 percent to SR81. On the announcements front, Retal Urban Development Co. signed two agreements worth SR702.02 million with ROSHN to purchase and develop residential land for 644 housing units, as well as infrastructure works in Sedra residential neighborhood in Riyadh. In a Tadawul statement, Retal said that the project’s impact on the company’s financial performance will be visible from 2025 to 2027. The company also added that there are no related parties to the deal.