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Saudi stocks drop 229 points this week
The Saudi stock index declined by 2.08% last week, closing at 10,778 points, marking the largest weekly loss in five months. Trading volume significantly increased to 21.4 billion riyals, representing a 22% rise compared to the previous week. Most stocks experienced a decline, with the prices of 230 companies going down, while 34 companies saw increases and 5 remained stable. Notably, "Taqweem" led the declines with a drop of 13.61%. On the other hand, some stocks recorded gains, with "Nofod" up by 7.09% and "Reson" increasing by 6.98%. Shares like Aramco, Al Rajhi, Al Inma, Al Ahli, and SABIC continued to react to market movements, with noticeable activity in trading values. Overall, the market exhibited volatility, with some stocks declining while others improved, amid rising liquidity and trading volumes.
Notice: This Is an AI-Generated Summary
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