TASI dips at Monday open amid sector pressure

The Saudi Stock Market (TASI) opened with a slight decline of 0.06%, as banking and technology stocks retreated, although the number of advancing stocks exceeded those declining. The index registered a low of 10,671.59 points and a high of 10,711.17 points, with trading valued at 722.1 million SAR. The Real Estate Management and Development sector led the gainers with an increase of 1.48%, while the Technology and Banking sectors declined, with the Technology Applications and Services sector dropping by 1.30%. Among individual stocks, Liva's shares soared by a maximum of 9.97% following its financial results announcement, while Shaker's stock fell by 4.69% to its lowest level in 52 weeks. Despite the decline, Al Rajhi Bank remained the most actively traded, with a turnover of 73.69 million SAR. These results indicate investor reactions to financial disclosures, including semi-annual results and dividend announcements, amid continued trading in the main stocks.

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