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TASI drops 0.80% amid sector declines
The Saudi Tadawul (TASI) closed today with a decline of 0.80%, losing 88.56 points to finish at 11,012.18 points. There was a nearly widespread drop across sectors, with 19 sectors recording losses, the most affected being the Insurance sector, which decreased by 1.64%. Shares of companies such as Dar Al Arkan and Saudi Azzm dropped by more than 4-5%, while some stocks like Arabian Pipes and Petro Rabigh experienced slight gains. Several companies announced significant disclosures, including the issuance of capital sukuk by the National Commercial Bank and recommendations for capital adjustments in other companies. Total trading volume amounted to 4.24 billion riyals.
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