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Saudi market faces selling pressure in logistics and industrial stocks
On Monday, the Saudi stock market experienced selling pressure on the logistics and industrial sectors. The shares of several companies declined, most notably SAL Saudi Logistics Services, which fell by 5.41%, and Saudi Tourism Development Company, which decreased by 5.19%. Despite this, the market index (TASI) rose by 0.23%, closing at 10,741.99 points, a gain of 25.17 points. The sell-offs were driven by profit-taking after previous gains, and other stocks were also affected, with declines ranging from 4.26% to 4.95%.
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