Thank you for reading the news about Turkish manufacturing activity contracts again in January — PMI and now with the details
Jeddah - Yasmine El Tohamy - RIYADH: Saudi Arabia’s Tadawul All Share Index declined 189.34 points or 1.58 percent on Wednesday to close at 11,796.63.
The total trading turnover of the benchmark index was SR8.6 billion, with 120 stocks advancing and 93 retreating.
Similarly, the MSCI Tadawul decreased by 31.09 points, or 1.99 percent, to close at 1,530.39.
In contrast, the Kingdom’s parallel market, known as Nomu, saw an increase of 210.5 points, closing at 24,986.68.
The best-performing stock of the day on the main market was Al-Munajem Foods Co., whose share price surged 9.96 percent to SR86.1.
Saudi Paper Manufacturing Co. and Al-Yamamah Steel Industries, also fared well with their share prices increasing 5.98 percent and 4.79 percent, to SR49.6 and SR 30.65, respectively.
The worst performer on the market was Ades Holding Co., whose share price dropped 9.93 percent to close at SR19.96.
Arabian Drilling and Al-Baha Investment Development Co., also did not perform well as their share prices dropped by 9.59 percent and 7.14 percent to stand at SR167.8 and SR0.13, respectively.
Meanwhile, the positive performance of the parallel market was driven by the National Environmental Recycling Co., whose stock soared 15.96 percent to close at SR10.9.
Other top performers included Saudi Azm for Communication and Information Technology Co. and Tam Development Co., whose share prices saw an increase of 10.17 percent and 6.25 percent to stand at SR13 and SR170, respectively.
Notable developments in the market included Saudi Automotive Services and Equipment Co. recording its highest price since listing.
The stock, which is listed within the retail and distribution of luxury goods sector, closed at SR79.2 on Wednesday.
Other developments included Saudi Tadawul announcing the cancelation of the Saudi Electricity Co. sukuks listing.
On Jan. 25, the company announced the full redemption of the sukuk listed on the Saudi Tadawul, amounting to SR4.5 billion.
These were the details of the news Turkish manufacturing activity contracts again in January — PMI for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
