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TASI dips amid banking sector pressure
The overall Saudi market index "TASI" declined by 0.26%, amid pressure from the performance of the banking sector, which fell by 1%. The market closed at 10,654.44 points, with a trading value of up to 1.64 billion riyals through 89.80 million shares. The decline in the banking sector and other sectors such as capital goods contributed to the drop in the index, despite support from the public utilities and transportation sectors, which rose by 1.33% and 1.14%, respectively. The top gaining stocks were those of Ground Services after announcing dividend distributions, while AlRajhi's stock recorded the highest trading value at approximately 207.84 million riyals. Shares like Petro Rabigh and AlRajhi declined, following announcements of results and dividend distributions from other companies.
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