TASI dips slightly amid bank sector pressure

The Saudi Market (TASI) opened Thursday's session with a modest decline of 0.1%, roughly 11 points, reaching a level of 10,669.55 points, with trading volume totaling 643 million riyals just minutes after the session began. Company performance was mixed, with 146 companies rising and 104 declining. The banking sector fell by 0.52%, remaining the main drag on the index, while the technology and retail sectors posted gains of up to 0.80% and 0.42%, respectively. The top-performing stocks were "Reedan," which increased by 9.96%, and "Tabouk Agricultural," while the "Aljazira REIT" share declined by 2.53%. The "Al Rajhi" share accounted for the highest liquidity, with a value of 103 million riyals, despite decreasing by 0.85%. The "Al Ahli" stock saw a slight increase of 0.05%. Additionally, the Capital Market Authority issued a decision to increase the capital of "Retal" to accommodate a potential acquisition of "Ajedan," and contracts were announced to be signed with "Aramco" and "Saeff Financial." In the insurance sector, a decision was issued to suspend "United Cooperative Insurance" from issuing and renewing insurance policies starting September 22, 2026.

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