Saudi Arabia: Saudi Arabia’s Tadawul All Share Index decreased on Wednesday, losing 99.84 points, or 0.83 percent, to close at 11,927.33. 

The total trading turnover of the benchmark index was SR7.35 billion ($1.95 billion), with 57 of the listed stocks advancing and 173 declining. 

The Kingdom’s parallel market Nomu dropped 90.21 points, or 0.37 percent, to close at 24,453.14. 

The MSCI Tadawul Index decreased by 12.46 points, or 0.83 percent, to reach 1,496.26. 

The best-performing stock of the day was Fawaz Abdulaziz Alhokair Co., whose share price surged 9.83 percent to SR11.62. 

The second top performer was Herfy Food Services Co., as its share price rose by 9.82 percent to SR27.95. 

Other top gainers include Al-Baha Investment and Development Co. and SEDCO Capital REIT Fund, as their share prices increased by 8.33 percent and 7.50 percent to SR0.39 and SR8.60, respectively. 

The worst performer was United Wire Factories Co., whose share price dropped by 5.13 percent to SR28.65. 

The second biggest loser was Tourism Enterprise Co., with shares decreasing by 4.67 percent to SR1.02. 

Other notable losers included Red Sea International Co. and Arabian Mills for Food Products Co., whose share prices fell by 4.64 percent and 4.56 percent, respectively. 

In the parallel market, Knowledge Tower Trading Co. was the top gainer, with its share price surging by 29.08 percent to SR8.70. 

Al-Modawat Specialized Medical Co. was the major loser in Nomu, as the company’s share price slipped by 7.61 percent to SR13.84. 

Shares of Electrical Industries Co. reached their highest level since debuting on Tadawul at SR7.51 on Oct. 9, closing at SR7.35. 

On the announcement front, global digital trading platform Interactive Brokers revealed a partnership with Al Ahli Capital, Saudi Arabia’s leading investment bank and largest asset manager, to enable qualified international investors to access Tadawul. 

The partnership was launched with a bell-ringing ceremony at Tadawul’s headquarters in Riyadh, attended by Loai Bafaqeeh, head of securities at Al Ahli Capital, and James Brady, senior executive at Interactive Brokers’ Dubai International Financial Center office. 

The strategic partnership will allow international clients to directly trade securities listed on the Saudi financial market via the Interactive Brokers platform, marking the first time a global broker has offered this service. 

Through this collaboration, Interactive Brokers’ clients will be able to invest in Saudi stocks, alongside global equities, options, futures, funds, bonds, and more, through a unified platform. 

“This collaboration reinforces our national role and aligns with our strategic goals to support the objectives of Saudi Vision 2030 and the Financial Sector Development Program,” said Rashed Sharif, the CEO of Al-Ahli Capital. 

He added: “It is a key step in developing an advanced financial market that attracts and empowers a diverse range of investors.” 

Interactive Brokers CEO Milan Galik said: “This collaboration opens new investment opportunities, enabling international investors to trade Saudi stocks. It significantly enhances our global market offerings at a low cost.” 

Saudi Arabia, the largest and most stable economy in the Middle East by gross domestic product, is undergoing significant social and economic transformation driven by Vision 2030. 

The Kingdom continues to make strides toward achieving its goals of a diversified and sustainable economy.