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Saudi market sees small and medium stocks decline
The Saudi financial market experienced a decline in the shares of small and medium-sized companies, despite the increase in the overall index. Many stocks in the agriculture, consumer services, and insurance sectors declined. Among the most notable drops was Tawiq Agricultural Development Company's stock, which fell by 5.45% to 8.5 riyals; Abdullah Saad Abu Moati Libraries' stock, which decreased by 4.37% to 35.86 riyals; and Nefouh Food Products' stock, which dropped by 4.19% to 6.4 riyals. The insurance and food manufacturing companies also saw declines ranging between 1.88% and 3.57%. Trading volumes varied, and many stocks faced strong selling pressures during the sessions.
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