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Sira and Al-Tawriya lead Saudi market drops
The Saudi stock market saw a decline in the Tadawul All Share Index (TASI) by 1.74%, closing at 10,138.83 points, amid heavy selling pressures targeting consumer services, food, and logistics stocks. Leading the losers was the Saudi Airline Company (SERA), which fell by 6.95% to 17.4 riyals, with trading volumes reaching approximately 15.26 million riyals from 0.85 million shares, due to widespread sell-offs. Additionally, The Development Food Company’s shares decreased by 6.83% to 73.7 riyals, and SAL Saudi Logistics Services shares dropped by 6.63% to 154.9 riyals, with trades exceeding 63 million riyals on the latest share price. Other sectors such as media and electricals experienced similar declines, with continued pressure on major stocks and varying trading volumes.
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