Saudi Market decline due to selling pressures
At the end of the week, the Saudi stock market experienced declines in several small and medium-sized stocks due to selling pressures, which led to a reduction in the gains of the main index (TASI). The index closed with a slight increase of 0.06% at 11,121.13 points. Among the affected stocks, the Union Cooperative Insurance Company recorded the lowest level with a decline of 3.06%, while shares of Saudi Arabian Mining Company (Ma'aden), Kingdom Holding, Thamar, TIBAH, Tasaq, and the Red Sea Development Company saw declines ranging between 2.52% and 2.90%. In the energy sector, Petro Rabigh's stock retreated by 2.36%, with traded values reaching 177.09 million Riyals.
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