Tadawul falls 1.18% at midday

The main Saudi market index, Tadawul, decreased by 1.18%, reaching 10,195.77 points, with 245 shares falling. This decline was driven by widespread selling pressure across most traded stocks. Trading value amounted to 1.885 billion Riyals, involving 109.188 million shares. National Steel shares surged by 9.97%, while Barqraizer rose by 5.24%. On the other hand, SAL shares dropped by 6.8%, and Al-Tawthee Food declined by 5.37%. All sectors experienced broad downturns, including the media and entertainment sector which declined by 3.79%, basic materials by 1.6%, and banks by 1.17%. Additionally, the parallel market index "Nomu" fell by 1.44%, standing at 21,712.51 points, while the Tadawul Index decreased by 0.73%.

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