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Tadawul declines 1.7% at noon

Tadawul declines 1.7% at noon

The Saudi Stock Market (TASI) experienced a sharp decline of 1.69% during mid-session today, losing 171.39 points to reach 9,952.23 points, amid broad selling pressure across 254 companies. Most sectors declined, notably Media and Entertainment by 3.51%, and Basic Materials by 2.71%. In terms of individual stocks, the National Steel led the gains with a 5.17% increase, while Salama recorded the largest drop at 5.49%. The market also saw significant financial disclosures and transactions totaling 2.34 billion Riyals, with some stocks falling to their lowest levels in 52 weeks, alongside high trading volumes in stocks like Al Rajhi and Aramco.

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