- Parallel market Nomu edged down by 119.05 points to close at 27,343.79
- MSCI Tadawul Index declined by 0.35% to 1,449.23
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, shedding 51.39 points, or 0.45 percent, to close at 11,294.07.
The total trading turnover on the benchmark index reached SR5.32 billion ($1.42 billion), with 65 stocks advancing and 187 declining.
The Kingdom’s parallel market Nomu also edged down by 119.05 points to close at 27,343.79, while the MSCI Tadawul Index declined by 0.35 percent to 1,449.23.
The best-performing stock on the main market was Arabian Centers Co., also known as Cenomi Centers, with its share price rising 7.60 percent to SR21.10.
Arabian Drilling Co. also gained 5.66 percent to close at SR88.60, while Tourism Enterprise Co. climbed 5.49 percent to SR0.96.
BAAN Holding Group Co. shares slipped 4.35 percent to SR2.42, ranking among the weaker performers of the day.
On the announcement front, Alinma Bank launched a US dollar-denominated sukuk under its Trust Certificate Issuance Program, with the offering opening and closing on July 8, according to a Tadawul filing.
The sukuk, which has a five-year maturity, requires a minimum subscription of $200,000, with increments in multiples of $1,000.
The bank noted that the sukuk will be listed on the International Securities Market of the London Stock Exchange, and issued in reliance on Regulation S under the US Securities Act of 1933.
Following the announcement, Alinma Bank’s share price declined 0.74 percent to SR27.
Meanwhile, Riyad Bank announced it had completed the issuance of US dollar-denominated Tier 2 trust certificates under its International Trust Certificate Issuance Program, with a total value of SR1.2 billion.
According to a Tadawul statement, the bank issued 6,250 certificates, each with a nominal value of $200,000. These certificates will also be listed on the London Stock Exchange’s International Securities Market.
Riyad Bank’s share price edged down 0.07 percent to close at SR28.88.
Source: www.arabnews.com