https://arab.news/bxtcy
RIYADH: 抖阴短视频鈥檚 Tadawul All Share Index slipped on Wednesday, shedding 220.2 points, or 1.84 percent, to close at 11,766.4.
The benchmark index saw a total trading turnover of SR6.15 billion ($1.66 billion), with 18 stocks advancing and 212 retreating.
In contrast, the Kingdom鈥檚 parallel market, Nomu, rose by 163.52 points, or 0.64 percent, ending the day at 25,764.1. In this market, 25 stocks advanced while 38 declined.
Additionally, the MSCI Tadawul Index fell by 28.96 points, or 1.94 percent, to close at 1,463.16.
The best-performing stock was Al-Baha Investment and Development Co., with its share price rising 5.56 percent to SR0.19.
Other notable performers included Middle East Specialized Cables Co., which saw a 5.24 percent increase in its share price, and Alistithmar AREIC Diversified REIT Fund, which rose by 5.12 percent.
On the downside, Saudi Fisheries Co. was the worst performer, with its share price falling by 10 percent to SR23.94.
ARTEX Industrial Investment Co. and Red Sea International Co. also saw their share prices slip by 5.13 percent and 5.12 percent, respectively, closing at SR16.6 and SR48.2.
On the parallel market, Leaf Global Environmental Services Co. stood out as the top performer, with its share price surging 18.82 percent to SR101.
Other notable gainers in the Nomu market included Qomel Co., which rose 8.2 percent, and Edarat Communication and Information Technology Co., which saw a 6.74 percent increase.
The worst performer on the parallel market was Meyar Co., with its share price dropping 4.47 percent to SR62. Fad International Co. and Alhasoob Co. also experienced declines of 4.37 percent and 3.97 percent, respectively.
SAMA Healthy Water Factory has announced its intention to launch an initial public offering on the parallel market, Nomu, offering 30 percent of its shares to the public.
Based in 抖阴短视频, SAMA Healthy Water Factory specializes in the production and distribution of bottled water. This IPO is a strategic step in the company鈥檚 broader plan to expand its footprint in 抖阴短视频鈥檚 burgeoning water and beverage sector, while also raising capital for future growth and operational initiatives.
The move is expected to boost SAMA鈥檚 visibility and open up new investment opportunities. It aligns with Vision 2030鈥檚 goals of fostering private sector growth, diversifying the economy, and creating new prospects for both local and international investors.
By listing on Nomu, SAMA Healthy Water Factory aims to solidify its market position and contribute to the Kingdom鈥檚 ambitious economic transformation.