TASI falls 1.24% at midday amid sector pressures
The TASI index in the Saudi stock market declined by 1.24% to reach 10,870.72 points, pressured mainly by the public utilities and basic materials sectors. A total of 235 companies' shares decreased, while only 31 companies' shares rose. Trading session recorded a total volume of over 121 million shares, valued at 2.54 billion Saudi riyals. Armah and Saudi Rebound shares topped the gainers list, while shares of Luberef and Petro Rabigh declined following the announcement of resignations and administrative changes. The market also saw important disclosures, including the Competition Authority’s approval of Mawani’s acquisition of Shass, as well as trading suspensions of certain companies’ shares amid restructuring processes.
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