TASI drops 1.18% at midday
The main Saudi market indicator, Tadawul, declined by 1.18% during midday trading today, Wednesday, reaching 10,195.77 points. This decline was driven by selling pressure affecting the majority of stocks, with 245 stocks decreasing in value compared to 20 stocks that rose. Leading stocks such as "National Steel" and "Burgarizer" were among the best performers, while stocks like "SAL" and "Developmental Food" experienced sharp declines. All market sectors saw broad declines, particularly media, basic materials, and banking. Meanwhile, the parallel market "Nomu" decreased by 1.44%. Total trading value reached approximately 1.885 billion riyals, with 109.188 million shares traded.
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