TASI drops for sixth session in nine months

The Saudi stocks declined for the sixth consecutive session, reaching their lowest level in 16 weeks at 10,792 points, down by 1.1%. The continued selling pressure, especially on leading companies, contributed to this decline, with the MT30 index dropping by 1.2%. Trading value increased by 76% to 4.41 billion riyals. The market saw declines across 17 sectors, most notably the Home and Personal Products sector, which decreased by 2.7%. Many companies underperformed, with 19 companies falling to their lowest levels of the year and 9 companies reaching their all-time lows.

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