抖阴短视频

RIYADH: 抖阴短视频鈥檚 Tadawul All Share Index surged on Wednesday, gaining 35.28 points, or 0.30 percent, to close at 11,920.94.   

The total trading turnover of the benchmark index was SR5.65 billion ($1.50 billion), as 140 of the listed stocks advanced, while 81 retreated. 

The MSCI Tadawul Index increased by 6.50 points, or 0.44 percent, to close at 1,486.63. 

The Kingdom鈥檚 parallel market Nomu slipped, losing 20.70 points, or 0.08 percent, to close at 25,596.22. This comes as 34 of the listed stocks advanced, while 35 retreated.  

The best-performing stock of the day was Red Sea International Co., with its share price surging by 9.96 percent to SR53. 

Other top performers included Alistithmar AREIC Diversified REIT Fund, which saw its share price rise by by 8.02 percent to SR10.10, and Batic Investments and Logistics Co., which saw a 5.22 percent increase to SR3.63. 

The worst performer of the day was Gulf Insurance Group, whose share price fell by 2.59 percent to SR32. 

Tanmiah Food Co. and Walaa Cooperative Insurance Co. also saw declines, with their shares dropping by 2.56 percent and 2.55 percent to SR144.40 and SR22.20, respectively. 

On the announcement front, Saudi Fransi Capital announced the successful retail offering for Almajed for Oud Co.鈥檚 initial public offering, which saw an 821.33 percent oversubscription on Sept. 15.  

Priced at SR94 per share, the retail tranche attracted 236,127 investors, generating SR1.16 billion in demand, the company said in a Tadawul statement. 

It explained that each retail investor will receive a minimum of six shares, with additional shares allocated on a pro-rata basis. The institutional tranche will be reduced to 6 million shares, or 80 percent of the total offering. 

Savola Group has concluded its rump offering, reaching 814.2 percent subscription. A total of 35,102,497 unsubscribed shares were sold, generating proceeds of SR943.45 million. The average sale price per share was SR26.88, according to an official statement. 

In total, SR592.43 million will be distributed as net compensation to rights issues and fractional share owners. Share deposits into shareholders鈥� accounts will be completed by Sept. 26. The firm said that any excess proceeds beyond the offer price will be distributed to entitled parties by Oct. 13. 

The Capital Market Authority has approved Al-Battal Factory for Chemical Industries Co. to offer 670,000 shares, representing 20.09 percent of its capital, on the parallel market. 

鈥淭he CMA鈥檚 approval of the application shall be valid for six months from the CMA Board resolution date. The approval shall be deemed canceled if the offering and listing of the company鈥檚 shares are not completed within this period,鈥� the CMA said in a statement.