Saudi stocks decline on transport petrochemicals tech

The Saudi Stock Exchange (TASI) index declined by 0.40% at the end of trading, impacted by selling pressures in the transportation, petrochemical, and technology sectors. The Saudi Ground Services Company’s stock led the declining shares, dropping by 6.95% to 24.62 riyals, with a trading volume of 68.41 million riyals. Meanwhile, the Knowledge Economic City stock decreased by 4.60% to 19.5 riyals. The shares of petrochemical companies such as Yanbu and GUSADCO also declined, while notable tech stocks like Saudi Internet Services showed a decrease of 2.39%. Overall, the session was characterized by strong selling pressure across most vital sectors, with stock prices affected by market fluctuations and demand.

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