Saudi market delays on services and food stocks

During Sunday’s session, the Saudi Stock Market experienced a slight decline of 0.03%, closing at 10,716.82 points, amid selling pressures on shares of the professional services and food sectors. The share of Rasan Corporation led the declining stocks, falling by 3.60% to 134 riyals. It was followed by shares of Smesco, Mahara, Thamar, Herfy, and others, with declines ranging between 3.04% and 3.41%. This decrease was driven by technical selling pressures after some stocks reached high price levels, prompting traders to liquidate their positions.

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