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Saudi Market sees mid-sized stock sell-off
The Saudi stock market experienced a volatile trading session, with the Tadawul index recording a modest increase of 0.32%. However, a number of major stocks saw sharp declines due to profit-taking and selling pressures. The Union Company’s stock led the decline, dropping by 7.73%, followed by Dallah Health, which fell by 5.83%. Additionally, the insurance, energy, and industrial sectors experienced notable downturns, with declines ranging between 1.95% and 4.54%. Trading activity was mixed, with liquidity varying and trading values decreasing for some stocks.
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