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Tadawul Opens Lower at 0.53% Drop
The Saudi Stock Exchange (TASI) index started Wednesday's session down by 0.53%, equivalent to 57.1 points, reaching 10,621.01 points, pressured by declines in banking and materials stocks, which fell by 1.04% and 0.97% respectively. Some sectors saw gains, such as consumer services, which rose by 1.3% supported by Americana's stock, which increased by 6.7% following the announcement of its financial results and dividend distribution. The market recorded trading volumes worth approximately 621.3 million riyals across 45 million shares, with 187 companies declining, 63 advancing, and 20 remaining unchanged. The most actively traded companies included Al Rajhi, Americana, and SABIC. During the session, stocks such as Miwatna and Madinah Cement reached new low price levels, while stocks in the gas, autumn, and Ayman sectors hit their lowest levels in 52 weeks.
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