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Madinat Al-Ma'rifah and 'Inaya top Saudi lossers
During today’s session, the Saudi stock market experienced a decline of 1.17%, with the "TASI" index dropping 123.54 points to close at 10,455.64 points amid widespread selling pressure on most stocks. Despite the general decline, a number of leading and mid-cap stocks posted notable gains, most notably the Knowledge Economic City stock, which rose by 10% to close at 22.11 riyals, with strong trading volumes worth 88.6 million riyals. The Saudi Cooperative Insurance (Tawuniya) share increased by 4.61% to close at 9.53 riyals. Additionally, other stocks such as Arab Drilling, L'azurde, Saudi Modern, Saudi Seawings, Rasan Information Technology, Kingdom Holding, and Saudi Cables experienced gains ranging from 0.74% to 4.59%. Trading volumes ranged from 0.13 to 4.07 million shares, with high traded values, as Rasan Information Technology alone accounted for a traded value of 84.16 million riyals. This reflects strong interest in certain individual stocks despite the overall market downturn.
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