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RIYADH: ÂÜÀòÊÓƵ’s Tadawul All Share Index slipped on Sunday, losing 61.64 points, or 0.58 percent, to close at 10,593.97. 

The total trading turnover for the benchmark index was SR2.20 billion ($587 million), with 93 stocks advancing and 153 retreating. 

The Kingdom’s parallel market Nomu fell 34.30 points, or 0.13 percent, to close at 25,525.29, as 34 stocks advanced and 48 retreated. 

The MSCI Tadawul Index declined 6.21 points, or 0.45 percent, to end at 1,375.58. 

The day’s top performer was Thimar Development Holding Co., whose share price rose 10 percent to SR50.05. Other notable gainers included Saudi Fisheries Co., up 9.95 percent to SR96.65, and Ash-Sharqiyah Development Co., which rose 7.41 percent to SR16.82. 

On the downside, Arriyadh Development Co. recorded the largest drop, falling 5.70 percent to SR31.42, followed by Al Sagr Cooperative Insurance Co., down 5 percent to SR12.16, and Obeikan Glass Co., which declined 4.12 percent to SR26.50. 

On the announcement front, LADUN Investment Co. said it had been awarded the Mishraqiya Villas Development Project in Riyadh in partnership with the National Housing Co., with an estimated value of SR446 million. 

According to a Tadawul statement, LADUN will develop over 400 residential villas on a land area of approximately 100,440 sq. meters. The company will provide future updates regarding the sub-development contract with NHC. 

LADUN closed at SR2.59, down 3 percent. 

Qomel Co. signed a memorandum of understanding with NUPCO — Waymade PLC, establishing a framework to ensure consistent supply, enhance supply chain efficiency, prioritize registration of new products in ÂÜÀòÊÓƵ, and promote knowledge exchange between the parties. 

The one-year MoU is non-binding and does not create a partnership or agency relationship. A joint working team will be formed within 14 days to create a detailed work plan, with final agreements announced upon signing. 

Qomel ended the session at SR49.80, unchanged.