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Tadawul Index falls 1.74 percent
The Saudi Market Index (TASI) decreased by 1.74%, closing at 10,138.83 points, amid widespread selling pressure affecting 252 companies. The decline was driven by a collective downturn across various sectors, notably media, entertainment, and transportation. Most shares experienced declines, with only a few showing slight gains, the most notable being National Steel, which jumped by 9.97%. The decline focused on leading stocks and foreign institutions, with weak liquidity reaching approximately 3.9 billion riyals. This comes amid ongoing geopolitical tensions and expectations of further market retreat if pressures continue. Analysts emphasized that this performance does not reflect the overall ability of the Saudi economy to grow.
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