Tadawul falls 0.32% early Wednesday
The Saudi Stock Market Index "TASI" declined by 0.32% at the start of Wednesday's session, influenced by a mostly negative performance across most stocks and sectors. The "Utilities" sector dropped by 1.10%, and "Media and Entertainment" declined by 1.01%. Trading activity was concentrated on the "Petro Rabigh" stock, which increased by 2.05%, and its significance in terms of trading value. Additionally, there were withdrawals from "Gulf General" stock, which rose by 5.14% after the company announced a plan to reduce its capital. The market experienced volatile performance during the initial minutes, with clearer corrective tendencies evident in declines across some stocks and trading ceilings of one million riyals for several shares. News continued to influence the market, and the performance results and company decisions remained among the most important factors impacting market movements throughout the session.
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