Kemamon and 'Alam' Lead Saudi Market Losses
Today, the Saudi stock market saw a decline in the performance of some leading and mid-tier stocks, with shares of Methanol Chemicals Company (Khemval) dropping by 9.97% and shares of 'Ealam' decreasing by 7.67%. This was amid intensive profit-taking operations that exerted pressure on the technology and services sectors. Nonetheless, the market index (TASI) managed to rise by 1.10%, closing at 10,705.87 points. Shares of each of SABIC Agricultural Nutrients and the Maritime Shipping Company (Bahri) also fell by 3.09% and 2.70%, respectively, with active trading indicating continued market volatility due to global market conditions and commodity prices.
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