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Saudi market rises on retail and tech stocks
At the end of Thursday's session, the Saudi stock market witnessed intense buying activity across leading and mid-sized stocks, particularly in the retail, technology services, and food sectors, amid noticeable cash flows. Despite the Tadawul All Share Index (TASI) declining by 0.19%, closing at 10,823.6 points, some stocks recorded significant gains. Sinomyy Retail’s share increased by 9.96%, approaching SAR 13.69, while the Food Industries Company (Alamar) saw a 6.02% rise to SAR 42.6. Additionally, Herfy Food’s stock rose by 4.04%. In the technology sector, Al-Muammar Information Systems' stock gained 5.30%, closing at SAR 306, with transactions valued at SAR 93.19 million, making it one of the most actively traded among the advancing shares. Shares in the insurance, electricity, and water sectors also rose, reflecting investor focus on stocks demonstrating strong performance during the session.
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