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Saudi Market sees healthcare, food sell-off
The Saudi Stock Market experienced a trading session characterized by selling pressures on healthcare, manufacturing, food, and logistics shares, despite the general index closing higher by 0.86%. Healthcare stocks saw a notable decline, with Raya Healthcare dropping 3.82% to close at 126 SAR, and Jumjum Pharma falling 2.10%. Similarly, basic materials sector stocks such as Anabeeb declined 3.03% and National Gas decreased 2.70%. Food company stocks, including Reydan, Al Munajem, and Americana, also fell between 1.66% and 2.08%, with high trading volumes, particularly in Americana, whose trading value reached 83.64 million SAR. In the real estate funds sector, Jadwa REIT Saudi Fund declined by 1.93%.
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