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Armaḥ and Al-Ta'mir top Saudi gains
The Saudi stock market experienced notable increases in the performance of leading and mid-cap stocks, despite selling pressures on the overall index. The top-performing stocks included Armah Sports Company, which rose by 9.95%, with trading volumes reaching 76.76 million riyals, driven by the company's sports expansion and growth in its subscriber base. Riyad Development also recorded a 5.68% increase following the announcement of strategies to maximize returns and develop new projects in Riyadh. Additionally, Al-Eyada Saudi Stock rose by 3.67% as liquidity increased to 148.03 million riyals, after disclosures regarding the renewal of reinsurance contracts and the expansion of its investment portfolio. Gains continued among stocks such as SASCO, Fakh Medical, Naifat, Ata'a Education, Al-Muammar for Information Systems, and Azm Saudi, with varying trading volumes and profits amid reports of efforts to enhance performance and encourage growth across various sectors of the market.
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