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UAE ranked fifth in 2026 Competitiveness List

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UAE ranked fifth in 2026 Competitiveness List

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Land registry partners with Al Rajhi Takaful
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Taosi Gains 0.72% as Market Loses 115.37B Riyals

Taosi Gains 0.72% as Market Loses 115.37B Riyals

The Saudi Stock Market Index, "TASI," ended the week with an increase of 0.72%, gaining 79.11 points to settle at 11,121.13 points. Meanwhile, the market capitalization of listed companies decreased by 115.37 billion Riyals, reaching a total of 9.648 trillion Riyals. The positive performance was supported by gains in 14 sectors, most notably transportation, which rose by 5.95%, and basic materials, which increased by 2.44%. On the other hand, the media and entertainment sector experienced the largest decline, dropping by 2.87%. Equity performance was mixed, with Airlines NAS gaining 15.26%, while Al Mamlaka stock fell by 11.79%. Trading value also declined to 26.19 billion Riyals, and the volume of traded shares decreased to 1.2 billion shares.

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