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TASI gains amid sector support
The Saudi Financial Market Index "TASI" completed Wednesday's session with an increase of 0.72%, equivalent to 76.65 points, closing at 10,775.46 points, the highest level during the session. Performance was supported by the basic materials sector, which rose by 1.85% driven by profits from petrochemical companies, and the banking sector, which increased by 1.10% following Bouseid Bank's announcement of a phased dividend distribution for the first half of 2026. Conversely, the media and entertainment sector declined by 1.68%, while the energy sector fell by 0.39% influenced by a decrease in Aramco's stock. Rhoom's stock experienced the highest increase at 9.72%, while Eastern Pipes' stock dropped by 9.96%. The market also saw record gains for Rhoom, Madinaty AlMa'arifa, and Edraak REIT shares, while other stocks reached their lowest levels in a year. Al Rajhi stocks led liquidity with approximately 362.75 million riyals.
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