Tadawul Falls 1.7% by midday

The Saudi market experienced a noticeable decline, with the Tadawul Index dropping by 1.69%, losing 171.39 points to reach 9,952.23 points. The decline was driven by selling pressure across 254 companies, with a total trading value of 2.34 billion Riyals and 178.39 million shares traded. Most major sectors were affected, with the Media and Entertainment sector leading losses at 3.51%, followed by Real Estate Management and Development at 2.82%, and Basic Materials at 2.71%. The National Steel Company’s stock saw the highest gain with a 5.17% increase, while Salama experienced the biggest decline at 5.49%. The market also witnessed significant financial disclosures and the performance of some stocks reached their lowest levels in 52 weeks, including major companies like Al Rajhi and Aramco.

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