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Tadawul down 1.44% at midday
The Saudi Stock Market Index (TASI) decreased by 1.44%, equivalent to 153.28 points, reaching 10,524.83 points during Wednesday's mid-session trading. The decline was mainly driven by a 2.27% drop in the banking sector. Trading volumes amounted to 3.26 billion Riyals across 207.72 million shares. The session experienced broad selling pressure involving 225 companies. Institutional trading showed significant activity in stocks such as Al-Rajhi, Americana, and Solutions. Additionally, companies announced important financial results, including SABIC, which disclosed semi-annual profit distributions, and Tadawul lifted the suspension of Amouages International's stock. Some stocks dropped to their lowest levels in 52 weeks, with several companies recording historic lows, while the overall market performance remained under pressure due to declines in key sectors.
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