Small and mid-cap stocks outpace Saudi market decline
Several mid and small-cap stocks increased in the Saudi stock market, despite the main index declining by 0.74% to close at 10,283.96 points. Trading activity was selective across sectors such as basic industries, real estate development, and healthcare. The "National Steel" stock recorded the highest gain, rising by 9.77% to reach 2.92 riyals, with cash flows estimated at 60.21 million riyals, driven by the trading of 20.98 million shares and supported by infrastructure projects. Additionally, Vibco's shares increased by 4.53%, the Knowledge Economic City by 3.78%, Saudi Chemical by 3.29%, and Middle East Pipes by 3.09%. Trading continued across other stocks, with a focus on companies that experienced operational developments or secured new contracts, amid ongoing selective market activity.
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