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TASI falls 0.6% at midday
The Saudi Financial Market Index (TASI) declined by 0.60% at midday today, losing around 64 points to reach 10,705 points, amid broad selling pressure targeting 193 companies. The decline was mainly driven by the basic materials sector and the real estate management and development sector, while the pharmaceuticals sector rose by 0.57%, supported by an increase in Jameel Pharma. The session featured important disclosures, including Saudi Energy securing financing facilities worth 15.8 billion riyals, and the formation of a new board of directors for Almarai Company. Several companies' stocks hit historic lows, while others saw increased trading activity and profits, with a focus on major companies and investment activities in the market.
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