Saudi market drops as healthcare and energy fall
The Saudi stock market experienced a decline at the end of Tuesday's session, with the TASI index dropping by 0.85%, losing 91.76 points to reach 10,678.11 points. This decline was driven by broad selling pressure targeting shares of healthcare, consumer staples, and energy companies, with the declines concentrated on stocks that had previously experienced price growth. This prompted traders to shift toward more conservative positions. Among the most affected stocks were Ayan Investment, down 9.99%, and Nais One, down 8.43%, with high trading volumes on some shares such as Petro Rabigh, which recorded trades worth 209.17 million SAR. The insurance sector also saw declines, with Saham Co. decreasing by 5.01%.
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