Insurance and energy stocks fall
On Sunday, the Saudi stock market experienced a decline in the performance of some stocks, particularly in the insurance, energy, and industrial sectors, despite the main index (TASI) continuing to rise by 0.89% to reach 10,919.68 points. Insurance stocks saw noticeable declines, with the Careem share dropping by 6.25% to 9.60 riyals, and United Cooperative Insurance shares falling by 2.33% to 3.35 riyals. Additionally, Petro Rabigh's stock decreased by 2.66% to 17.23 riyals, and Al Nahdi Medical’s stock declined by 2.57% to 93.05 riyals, even as trading value on Petro Rabigh's shares increased to 75.92 million riyals. The declines also affected the industrial, energy, and education sectors, as well as stocks of companies like Kalkhouri, foods, and finance. Trading volumes were high on some stocks, reflecting selling pressure in the market.
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