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TASI gains 0.26% mid-day
The Saudi Stock Market "TASI" experienced a slight increase of 0.26%, reaching 10,851.95 points, supported by gains in the basic materials and banking sectors. The basic materials sector rose by 1.21%, driven by news of SABIC selling its engineering plastics business in the U.S. and Europe, while the banking sector increased by 0.66%. The number of gaining stocks exceeded those losing, with Aslak shares rising by 9.94% and Medgulf Insurance by 8.27%. Conversely, United’s stock declined by 6.80%. Total trading volume approached 3.17 billion SAR, with a focus on Aramco, which led transactions worth 275.57 million SAR despite a 0.44% decrease in its price. Financial results and dividend distributions were announced for several companies, and regulatory authorities issued important messages to beachgoers. Additionally, MISC shares reached a new all-time high at 272.6 SAR.
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