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Kemaiol and 'Ilm face early losses in Saudi market
The Saudi stock market experienced sharp declines in some leading and mid-sized stocks, despite the main index (TASI) rising by 1.10% to close at 10,705.87 points. Methanol Chemicals Company (Kimanoul) was the most affected, dropping by 9.97% to close at 32.32 SAR. Following it was the Etqaan Company’s stock, which decreased by 7.67% to close at 626 SAR, amid active trading totaling 191.49 million SAR. Other stocks such as Taqeem, Catrium, SABIC Metal Coatings, and Bahri also saw varying declines, with widespread investor participation in profit-taking amid fluctuations in chemical prices and global markets.
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