Tadawul drops 0.98% midday
The Saudi Stock Exchange Index ("TASI") decreased by 0.98%, recording a decline of 101.27 points to reach 10,259.47 points by midday on this Monday. The performance was notably bearish, with 221 companies seeing declines compared to only 40 companies experiencing gains. Approximately 124 million shares were traded, valued at nearly 1.95 billion riyals. The basic materials, banking, and energy sectors all saw declines, while companies such as National Steel and Dabb Saudi experienced strong gains despite the overall market downturn. Several stocks hit historic lows, and there were announcements of business events and memoranda of understanding.
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