Saudi market drops 236 shares Tuesday
The Saudi Financial Market "TASI" experienced a decline during Tuesday's session, with the market index closing down by 1.17%, or 123.54 points, reaching a level of 10,455.64 points. The shares of "Abu Muati" and "Eastern Pipes" topped the list of declines, dropping by more than 7%, with "Abu Muati" stock falling by 8.06% to close at 32.40 riyals, and trading activity totaling 22.46 million riyals. The total trading value amounted to 3.59 billion riyals through 200.49 million shares traded, with 236 stocks decreasing, 27 stocks increasing, and 9 stocks remaining stable. This decline reflects selling pressures on many stocks in the Saudi markets.
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