Saudi market declines as industry and commodity shares lead

The Saudi stock market experienced a decline in the first trading session of the week, with the Tadawul (TASI) index dropping by 0.34%, resulting in a loss of around 37 points to close at 10,766.84 points. At the stock level, shares in the industrial, food, and financial services sectors saw notable declines, with companies such as Arabian Pipes decreasing by 5.91%,Jarir Marketing by 4.35%, and the Saudi French Bank by 4%. Shares of petrochemical and real estate companies also declined, with decreases of approximately 3.75% and 3.41%, respectively. There was a limited increase in trading volume for some stocks, reflecting clear selling pressure on the market at the start of the week.

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