18 hours ago
Closing Bell: Saudi main index closes in red at 11,095
RIYADH: Saudi Arabia's Tadawul All Share Index slipped on Tuesday, as it shed 118.18 points, or 1.05 percent, to close at 11,095.41.
The total trading turnover of the benchmark index was SR4.52 billion ($1.21 billion), with 46 of the listed stocks advancing and 204 declining.
The Kingdom's parallel market Nomu also shed 55.43 points to 27,301.46.
The MSCI Tadawul Index declined by 1.09 percent to close at 1,421.31.
The best-performing stock on the main market was SHL Finance Co. The firm's share price increased by 5.21 percent to SR22.62.
The share price of SICO Saudi REIT Fund rose by 5.1 percent to SR4.33.
Tourism Enterprise Co. also saw its stock price climb by 3.26 percent to SR0.95.
Conversely, the share price of Alistithmar AREIC Diversified REIT Fund declined by 4.03 percent to SR9.05.
On the announcements front, Saudi Co. for Hardware, also known as SACO, said that it signed an agreement valued at SR140.43 million to sell its warehouse in Al-Mashael district in Riyadh.
In a Tadawul statement, SACO said that the proceeds from the sale will be used to repay existing bank loans and help support its future expansion plans.
The firm further said that the 42,937-sq.-meter warehouse was sold to 6th Iradat Al Imdad Co., a limited liability company.
The firm added that there are no related parties involved in the deal.
The share price of SACO dropped by 1.02 percent to SR29.14.
The shareholders of Saudi Lime Industries Co. approved a recommendation to increase its capital by 5 percent through a one-for-20 bonus share distribution, by capitalizing SR11 million from the firm's retained earnings account.
The stock price of Saudi Lime Industries Co., listed on the parallel market, advanced by 4.77 percent to SR12.97.
