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TASI opens Monday higher on bank support
The Saudi Stock Market "TASI" started Monday's trading with a slight increase of 0.19%, primarily supported by the banking sector, which contributed liquidity of 118.1 million riyals. Influential stocks such as Al Rajhi Bank announced that the Board of Directors approved the distribution of semi-annual dividends. The indices of the Insurance and Real Estate Development and Management sectors rose, while the Media and Transportation sectors declined. Naseej led the gains with a 3.91% increase, while Saudi Cement's stock reached its lowest level in 52 weeks, dropping by 5.25%. Shares of companies like Aramco, MyYan, and Saudi Chemical remained stable at high levels, while several companies recorded their lowest points in 52 weeks. Furthermore, trading in the first quarter of the session indicates strong investor interest in the index and the banking sector.
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