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Saudi Market Faces Healthcare and Food Selling Pressures
The Saudi market experienced a selling pressure during today's session on healthcare, manufacturing, food, and logistics shares, despite the overall index rising by 0.86%. Healthcare stocks declined, most notably RAYA, which fell by 3.82% to close at 126 riyals, and Jamaam Dawa, down 2.10% to 139.7 riyals. The Arabian Pipes stock also decreased by 3.03%, closing at 6.4 riyals. Additionally, National Gas and Industrialization declined by 2.70%, ending at 59.5 riyals, and Bahri dropped by 1.88% to 36.6 riyals. In the food sector, Redan's stock decreased by 2.08% to 17.45 riyals, Almunajem Foods fell by 2.00% to 61.35 riyals, and Americana declined by 1.66% to 2.37 riyals, with the highest trading volume among declining stocks at 83.64 million riyals. Overall, the healthcare and food sectors face strong selling pressures, despite the market's overall increase.
Notice: This Is an AI-Generated Summary
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