TASI begins week with 0.21% decline
The Saudi Main Market Index "TASI" started its trading session today, Monday, with a decrease of 0.21%, losing 21.64 points to reach 10,168.13 points, amid declines in the materials, media, entertainment, and telecommunications sectors. The market experienced mixed performance among individual stocks, with 111 companies gaining and 139 companies declining, with total traded value amounting to approximately 274.58 million riyals. The top gaining stocks were "Laden" up by 6.53% and "Bahr Arab" by 5.87%, while "Amlak" saw the largest decline at 6.01%. In corporate news, Alandalus Properties announced the purchase of logistics land in Riyadh worth 83.8 million riyals, as part of its expansion plans in the logistics sector. Additionally, some stocks hit historic lows, such as "Flynas" and "Jadwa REIT AlHaramain," amid the overall market decline.
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