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Fish and Arab markets drag Saudi stocks
The performance of the Saudi stock market deteriorated in the second session of the week, with the "TASI" index declining by 0.74% to reach 10,283.96 points, due to strong selling pressures on the leading and mid-cap stocks. The stock of Al-Asmak Company topped the losers’ list, decreasing by 4.76%, influenced by trading worth 21.74 million riyals, as a result of technical pressure following previous divergent price movements. Additionally, sectors such as media, professional services, telecommunications, and real estate experienced notable declines, amid intensified profit-taking and significant trading volume, reflecting a trend of market liquidations and the selling of gains.
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