Tadawul drops 1.7% at noon

The Saudi "TASI" index declined by 1.69% during the midday session today, due to broad selling pressure affecting 254 companies and impacting most major sectors. The Media and Entertainment sector experienced the largest drop of 3.51%. A few stocks rose, such as National Steel, which increased by 5.17%, while Saudia, Wafra, and Tihama recorded the largest declines, reaching up to 5.49%. The session saw trading volume of 2.34 billion riyals, coinciding with important quarterly financial results from companies including SABIC and Mobily. Additionally, many stocks hit their lowest levels in 52 weeks.

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