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Tadawul dips as pharma and energy rise
The TASI index in the Saudi market declined by 0.74%, closing at 10,283.96 points, affected by drops in most sectors, especially banking, transportation, and media. National Steel's share rose by 9.77% following its upgrade from the Nomu market, while the "Fish" stock was among the biggest losers, falling by 4.76%. The energy sector held firm as rising oil prices limited the extent of the decline. Meanwhile, outlooks remain linked to geopolitical calm and the availability of liquidity, with potential for market recovery if conditions stabilize, liquidity increases, and corporate results attract investors.
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