Saudi market faces selling pressures
The Saudi stock market experienced a slight decline at the end of Thursday's session, with the Tadawul All Share Index (TASI) decreasing by 0.19%, losing 20.5 points to reach 10,823.6 points. This decline was driven by selling pressures across several sectors, particularly in industry, healthcare, and technology. Trading volumes were high, with stocks such as Industrial Utilities, Mouwasat Medical Services, and Elm witnessing elevated liquidity, with Elm alone recording a turnover of 133.93 million riyals. Meanwhile, stocks like SABIC for nutrients and Zamil for basic materials saw declines. This retreat is likely due to profit-taking activities and portfolio rebalancing, reflecting market adjustments as traders finalize their weekly gains.
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