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Saudi TASI Edges Up Amid Sector Variations
The Saudi Main Market Index (TASI) closed on Sunday with a modest gain of 0.05%, amid mixed sector performance. A total of 102 companies' shares increased in value, while 160 companies declined, and the index remained at 10,817.01 points after fluctuating between a high of 10,860.37 and a low of 10,809.6 points. The top performing sectors were Basic Materials, which rose by 0.99%, and Insurance, up by 0.69%, while the Media and Entertainment sector declined by 3.79%. The session saw notable rises in shares such as Mutahakimah Wataniyah and Asseij, alongside announcements from some companies regarding dividend distributions and financial results. Meanwhile, shares of Arab, Miahna, and Saco reached historic lows. Overall, the total trading value amounted to approximately 3.22 billion SAR.
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