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Tadawul Index Slightly Falls at Midday
The TASI Index registered a slight decline of 0.10% during the midday trading session, reaching a level of 10,769.08 points, with volatility between a high of 10,808 and a low of 10,760.42 points. The session saw gains in the pharmaceuticals sector by 4.43% and the capital goods sector by 1.23%, contrasted by declines in the utilities sector by 1.22% and the energy sector by 0.29%, affected by Aramco stock. Among the top gainers, the pharmaceutical stock soared by 7.60%, and Maharah rose by 3.27%, while Armah, Salama, Aqualia Power, and Petro Rabigh fell by more than 1.65%. The trading value reached approximately 1.77 billion Riyals, with over 85 million shares traded. The activity was concentrated around Al Rajhi Bank and Aramco, with disclosures related to share acquisitions and contract signings. Several stocks also hit their 52-week lows during this period.
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