RIYADH: Helped by a wave of slump in capital goods, consumer durables and apparel sectors, Saudi Arabia's Tadawul All Share Index fell 108.30 points to close at 10,138.31 on Sunday.

The Capital Goods index fell 216.36 points, or 3.98 per cent, to close at 5,213.3. Since November 10 when it ended at 5,967.17, the index has fallen 12 per cent.

The real estate management and development index fell 2.94 percent to close at 2,566.97 points, while the consumer durables and apparel index fell 3.49 percent to close at 4,214 points.

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As with real estate investment trusts, utilities bucked the general trend. The utilities index closed 126.72 points higher at 6,715, helped by a 4.3 per cent gain in ACWA Power's SR138 ($36.70) in the last hour.

In preparation for financing and building its renewable energy projects in Saudi Arabia and other countries participating in the Belt and Road Initiative, the company last Thursday signed a series of agreements with nine Chinese entities.

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However, the Nomu parallel market closed 232 points lower at 18,534.86 on Sunday. The advance-decline ratio of the benchmark indices was also severely affected, with 183 of the 219 listed stocks declining while only 27 advanced. Trading volume stood at SR3.05 billion.

In relation to the announcements, the Saudi National Bank announced that the capital increase process with Credit Suisse Group has come to an end. As of December 9, the Saudi bank held 9.88 percent of the Swiss bank's shares, according to a statement by Tadawul. Shares of SNB ended the day's trading at SR47.85, up 2.03 per cent.

In a statement issued on Sunday, Saudi British Bank said it will repurchase up to one million common shares for a long-term employee stock incentive plan.

It said in a statement to Tadawul that the bank will use internal resources to finance the buyback. Its treasury shares currently account for 0.20 percent of Target's total shares. However, the bank's stock fell 1.09 percent to close at SR36.45.

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However, Yanbu Cement Company pleased its shareholders by declaring a 7.5 percent cash dividend for the second half of 2022 worth SR0.75 per share. On December 29, the company will distribute SR118.13 million. The company's share price ended at SR33.50, up 0.45 percent on Sunday.