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TASI drops sharply after Tuesday
The Saudi Stock Market "TASI" experienced a sharp decline of 1.69%, following widespread drops across most sectors after the announcement of the financial results for the first nine months of 2026. The majority of stocks were pressured by selling activity, causing the index to fall to its lowest level in some time, closing at 9,952 points after opening the session at 10,112 points. The sectors of media, entertainment, real estate, and utilities led the declines, while shares of some companies such as ‘Amzak’ and ‘Wataniya’ saw gains. Conversely, stocks like Tihama, Yansab, and Fertej experienced significant declines, with trading volume reaching approximately 3.81 billion riyals. One of the most prominent trades was in the Al Rajhi Bank stock, exceeding 387 million riyals, while shares of Tadawul Group and Riyad Bank reached their lowest price levels of the year. These declines coincided with the release of negative financial results for several companies, and many stocks hit their lowest levels of the year or during the current period, reflecting a general investor trend of selling.
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