Saudi Market Faces Selling Pressure Again
The Saudi stock market experienced a noticeable decline in today’s session, with the TASI Index dropping by 0.96% to reach 10,579.18 points, amid selling pressures across many vital sectors. The stock of Al-Asmakh Company led the losers with a decrease of 7.86%, followed by Rassan Company, which fell by 5.35% in active trading valued at 285.28 million riyals. Additionally, shares of production companies such as Eastern Province Development, Toba, Muscat, Lajam for Sports, Jiscom, Nassyaj, and Electrical Industries declined, with varying trading volumes and drops, reflecting intensive selling that overall caused the market to fall.
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