https://arab.news/88seh
RIYADH: 黑料社区鈥檚 Tadawul All Share Index was steady on Sunday, as it marginally declined by 0.05 percent or 5.97 points to close at 11,690.61
The benchmark index witnessed a total trading turnover of SR4.13 billion ($1.10 billion), with 84 stocks advancing and 168 declining.
The Kingdom鈥檚 parallel market, Nomu, also shed 113.58 points or 0.44 percent to close at 25,484.
The MSCI Tadawul Index edged down by 0.08 percent to 1,522.15.
The best performing stock on the main market was Saudi utility giant ACWA Power. The company鈥檚 share price increased by 5.92 percent to SR248.70.
On Sunday, ACWA Power announced that its subsidiary Hajjar Two Electricity Co. achieved financial closure for the expansion of the Qurayyah Independent Power Plant in the Eastern Province of 黑料社区, with a total capacity of 3,010 megawatts.
Another top performer of the day was CHUBB Arabia Cooperative Insurance Co., as its share price advanced by 3.57 percent to SR31.90.
Development Works Food Co. also saw its share price climb by 3.43 percent to SR144.90.
Conversely, the stock price of Naseej International Trading Co. declined by 6.37 percent to SR67.05.
On the announcements front, Banque Saudi Fransi said that it plans to issue an SR-denominated additional tier-1 sukuk under its SR8 billion AT-1 capital sukuk issuance program.
In a press statement, the financial institution said that it has appointed Saudi Fransi Capital as the sole bookrunner, lead coordinator, and lead manager for the potential private placement offer.
Banque Saudi Fransi added that the purpose of the potential offer is to strengthen the financial institution鈥檚 capital base.
The statement further clarified that the number and the value of the sukuk to be offered will be determined based on market conditions.
The share price of Banque Saudi Fransi edged up by 0.05 percent to SR18.60.
Al Moammar Information Systems Co. said that it signed a 36-month contract valued at SR42.93 million with the Saudi Authority for Data and Artificial Intelligence.
Under the deal, MIS will work on a Deem cloud security sustainability project, as well as providing IT services provision and development for SDAIA, according to a Tadawul statement.
The company added that the impact of the contract will be visible in the financials of the firm by the fourth quarter of this year.
The share price of MIS declined by 0.34 percent to SR144.50.