TASI Index Opens October Slightly Higher

The Saudi stock market index "TASI" started October trading with a slight increase of 0.04%, approximately 3.92 points, reaching 10,444.56 points. Gains were seen in 135 companies, while 113 companies declined. Trading activity was mainly concentrated in the banking sector, which achieved the highest trading value of 58.6 million SAR. The sector with the highest rise was the distribution and retail of consumer goods, increasing by 0.86%, whereas the home and personal products and water utilities sectors experienced sharp declines of 1.98% and 0.72%, respectively. Some stocks showed notable movements; for example, "Enaya" rose by 5.82%, and "Redan" increased by 5.25%, while "Tabuk Agricultural" fell by 3.12%. Additionally, the market saw updates and disclosures, including suspensions and trading halts for certain stocks, announcements of maintenance and new projects, with several stocks reaching their lowest levels in 52 weeks.

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