Tadawul Falls at Opening
The Tadawul Index in the Saudi market began trading on Thursday with a decline of 0.31%, losing 31.5 points to reach 10,107.33 points. This decline was driven by a retreat in the basic materials sector and broad selling across many stocks. The index reached an intraday high of 10,133.99 points and a low of 10,102.76 points. During the first minutes of trading, the total value of transactions was 374.9 million SAR, with 32.4 million shares traded. The capital goods sector was the most affected, declining by 1.44%, followed by the commercial and professional services sector, which fell by 1.28%. Meanwhile, the media, entertainment, and banking sectors saw gains of 0.67% and 0.11%, respectively. The "Anapip" stock led the gains, rising by 3.81%, while the "Loubref" stock experienced the largest decline, dropping by 5.03%. The market saw several announcements and disclosures, including a contract signed by "Dar Medical Equipment" for medical device maintenance. Additionally, some stocks reached new record highs, such as "Hadeed Watani," which hit its highest level in 52 weeks at 3.87 SAR, while others hit new lows during the session, including "Sahl," "Tamkeen," and "Mayahna."
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