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Insurance Stocks Lead Saudi Market Drop
The Saudi stock market ended the week with declines in several shares, especially in the insurance, financial services, and small industries sectors, despite the general index closing higher. The most notable declining stocks included National, which fell by 3.10% to 14.7 riyals, leading to technical profit-taking after a previous surge. Walaa also declined by 2.81% to 11.08 riyals, followed by Liva with a decrease of 2.19% to 14.72 riyals, and Metacoma, which dropped by 2.76% to 12.68 riyals. Shares of the paper, textile, BSB, and Tubuk Agricultural Industries also experienced varying declines, with trading values reaching tens of millions of riyals, reflecting a varied performance in the market during the session.
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