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Taisei Index Drops Despite Basic Materials Slide
The Saudi Stock Market Index (TASI) closed down by 0.71% due to a decline in the Basic Materials sector, which fell by 1.52%. The index decreased by 79.39 points, ending the session at 11,158.54 points, after reaching its highest point during the session at 11,256.68. Total trading volume amounted to 192.33 million shares, with a total value of 3.51 billion Riyals. Nusayj and fish stocks led gains, rising by around 10%, while North Cement and Petro Rabigh experienced the largest declines. The session saw announcements of contract signings, expansions, and resignations, with Armah’s share reaching a historic high of 57.1 Riyals—a high price considering its recent market debut.
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