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TASI Index dips 0.14% due to sectors
The Saudi Stock Market Index "TASI" declined by 0.14% to close at 10,440.64 points, under pressure from declines in leading stocks and weakening momentum, amid a drop in Brent crude prices to around $97 per barrel. Trading focused on 270 companies, with 123 companies experiencing declines. Pressures increased due to falling oil prices and liquidity inflows of 4 billion riyals, amidst ongoing concerns over geopolitical tensions and regional developments. However, some sectors, such as healthcare and home products, performed well, and the market saw gains in stocks like 'Inaya' and 'Armuh,' while others, such as 'Riyadah' and 'Artal,' faced sharp declines. These fluctuations continue against the backdrop of ongoing economic and geopolitical challenges impacting overall stock performance.
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