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Saudi Market Loses as Rouwam, Dar Al Arkan, Jamjoom Lead
The Saudi stock market experienced a decline in the performance of some leading and mid-tier stocks, particularly in the real estate, petrochemical industries, retail, and pharmaceutical sectors, despite the overall index (TASI) closing higher by 0.27%, gaining 28.65 points to reach 10,804.11 points. Rounding out the declines was R yum stock, which fell to 75.5 SAR, with trading valued at 21.04 million SAR, following a series of prior increases that prompted investors to take profits. Similarly, Dar Al Arkan's stock dropped 3.27% to 19.2 SAR, Jamhom Pharma decreased by 2.86% to 142.4 SAR, and the Fourth Mills stock declined 2.70%, amid active trading. In the retail sector, Jarir's share decreased by 2.44% to close at 16.78 SAR, with trades worth 46.07 million SAR, amid concerns over a slowdown in sales ahead of financial results announcements. Additionally, SABIC Agricultural Nutrients and Amak stocks fell by 2.00% and 2.07%, respectively, reflecting fluctuations in global petrochemical product prices and their impact on profit margins.
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