TASI opens Wednesday lower

The Saudi Financial Market Index "TASI" declined by 0.53% at the start of Wednesday's session, recording a drop of 57.1 points to reach 10,621.01 points. The negative performance was mostly due to a 1.04% decrease in banking stocks and a 0.97% decline in the basic materials sector, while sectors like consumer services and technology saw gains of 1.3% and 0.74%, respectively. Trading values in the early minutes of the session ranged between approximately 52.6 million and 49.2 million riyals. Notable increases were seen in stocks such as Americana and Solutionz, whereas shares like Investment Reit and Luberef experienced declines. Some companies also announced their quarterly financial results, with the stock prices of certain firms closing at new low levels. Leading the session in terms of trading value and volume were Saudi Arabia’s Al Rajhi and Aramco.

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