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Saudi Market sees selling pressure on small and mid-cap stocks
During Tuesday's session, the Saudi stock market experienced selling pressures primarily targeting mid and small-cap stocks, especially in the materials and services sectors. Notable declines were recorded in stocks such as Al-Juways (down 3.57%), Saudi Pipes (down 2.78%), and Arab Refineries (down 2.60%). This came amid a lack of significant disclosures from some companies, which increased technical pressure on the market. Trading values varied, with some deep stocks like Saudi Kingdom for Construction trading at 10.23 million SAR, exceeding others. Overall, the session showed a decline in many stocks, with continued fluctuations in liquidity and trading volumes.
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