Saudi market declines lead with bank and media stocks
The Saudi Stock Market experienced its first session of the week with a decline of 0.15%, closing at 10,360.74 points, amid selling pressures on stocks that had previously gained, particularly in the banking, media, transportation, and logistics sectors. The banking, media, and logistics shares led the losers, with stocks such as Arab Bank, Research and Media, Dabbou, and Cisco Holding declining due to weak demand and increased selling offers, as investors await the quarterly financial disclosures. Market correction is expected to continue as upcoming financial data are anticipated.
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