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TASI drops 0.45% amid sector pressures
The Saudi "TASI" index declined by 0.45% to reach 10,632.75 points amidst pressure from the banking and food production sectors, with a trading value of approximately 1.666 billion Riyals. The performance was impacted by selling pressure on leading sectors, with the Media and Entertainment sector recording the lowest level, while the Retail and Energy sectors supported the index. During the session, shares of Redan, Tabuk Agriculture, and Petro Rabigh rose, whereas shares of Pipes of the East and Arabiyah reached their lowest levels. Companies announced the start of operation of projects and dividend distributions, while the United Insurance Company suspended issuing new insurance policies. Meanwhile, the Pharmaceutical company's stock hit its highest point in 52 weeks.
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