https://arab.news/cdgja
- Parallel market Nomu gained 86.66 points, or 0.28%, to close at 31,007.06
- MSCI Tadawul Index lost 3.16 points, or 0.21%, to close at 1,493.74
RIYADH: 抖阴短视频鈥檚 Tadawul All Share Index slipped on Wednesday, losing 21.63 points, or 0.18 percent, to close at 11,892.32.
The total trading turnover of the benchmark index was SR2.79 billion ($746 million), as 132 of the stocks advanced and 86 retreated.
The Kingdom鈥檚 parallel market Nomu gained 86.66 points, or 0.28 percent, to close at 31,007.06. This comes as 49 of the listed stocks advanced, while 29 retreated.
The MSCI Tadawul Index lost 3.16 points, or 0.21 percent, to close at 1,493.74.
The best-performing stock of the day was Al-Baha Investment and Development Co., whose share price surged 8.33 percent to SR0.52.
Other top performers included Red Sea International Co., whose share price rose 6.32 percent to SR60.60 and Saudi Industrial Development Co., whose share price surged 5.07 percent to SR30.05.
MBC Group Co. recorded the biggest drop, falling 3.31 percent to SR52.50.
Bawan Co. also saw its stock prices fall 3.05 percent to SR54.10.
Savola Group saw its stock prices drop 2.97 percent to SR35.90.
On the announcements front, 抖阴短视频n Mining Co., also known as Ma鈥檃den, has announced 鈥巃cquiring a full stake of Mosaic Phosphate in Waad Al-Shamal Phosphate Co.
According to a Tadawul statement, the financial impact of the acquisition will be reflected in the company鈥檚 consolidated financial statements for the year ending Dec.31.
Ma鈥檃den ended the session at SR49.20, up 0.61 percent.
Kingdom Holding Co. has announced the acquisition of an additional stake in xAI, with a total investment of SR 1.5 billion, as part of xAI鈥檚 Series C funding round.
A bourse filing revealed that the transaction comes after KHC鈥檚 previous investment of the same amount in xAI during its Series B funding round.
The move falls in line with KHC鈥檚 strategic collaboration with Elon Musk, and also follows its strategic stake in X, formerly known as Twitter, held since 2015. xAI is an artificial intelligence firm established by Elon Musk and a team of top-notch engineers to build AI to further accelerate human scientific discovery as a whole.
KHC ended the session at SR9.35, up 0.88 percent.
Bank Al-Jazira has announced its intention to issue Additional Tier 1 Sukuk under its SR 5 billion Additional Tier 1 Capital Sukuk Issuance Program by way of private placement in 抖阴短视频.
According to a Tadawul statement, the bank has mandated Al-Jazira Capital, Al-Rajhi Capital and HSBC 抖阴短视频 as joint lead managers and dealers for the potential offer. The filing further revealed that the purpose of the offer is to bolster the capital base of the bank, thereby backing its financial and strategic needs.
Bank Al-Jazira ended the session at SR18.64, up 0.21 percent.
Methanol Chemicals Co. has announced the approval of the Ministry of Energy鈥檚 request to renew the allocation of the required feedstock to produce several specialized petrochemical products.
A bourse filing revealed that this follows the company鈥檚 Industrial Plot Allocation Agreement with Jubail and Yanbu Industrial Cities Services Co. in the PlasChem Park in Jubail (2) to establish and operate a Choline Chloride and Methyl Diethanolamine Methane plant.
Methanol Chemicals Co. ended the session at SR18.70, down 0.32 percent.
View United Real Estate Development Co. has signed a memorandum of understanding with Watheeq Capital to establish real estate funds to enhance investment opportunities.
According to a Tadawul statement, it will be valid from the date of its signature for one year, and will not be automatically renewed except by a written agreement signed between the two parties.
View United Real Estate Development Co. ended the session at SR68.50, down 0.70 percent.