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Saudi small and mid caps lead market decline
The Saudi stock market experienced a decline in the shares of small and medium-sized companies during today's session, particularly in the agriculture, consumer services, and insurance sectors, despite the overall increase in the market index. The most notable drops were in the shares of Tabuk Agricultural Development Company, which fell by 5.45%, closing at 8.5 riyals, with a trading value of 29.59 million riyals through 3.37 million shares, due to strong selling pressure on the stock. This was followed by Abdullah Saad Abu Moati Libraries with a decrease of 4.37%, and Nofod Food Products with a decline of 4.19%. Overall, the shares experienced a decline accompanied by weak liquidity in some cases, reflecting selling pressure and its impact on market performance.
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