TASI Falls 2.5 Percent Amid Sector Drop
The Saudi stock market experienced a sharp decline, with the Tadawul index dropping by 2.49% to close at 9,679.37 points. All sectors fell by up to 5.73%. A total trading value of 3.26 billion Riyals was exchanged through 231.22 million shares, amid a decline in the prices of most stocks. Out of 270 listed companies, 259 saw decreases while only 11 recorded gains. Notably, Electricity Industries' shares fell by 10%, and National Steel's shares declined by 9.35%. Conversely, Union Group's shares rose by 10%, reaching 6.16 Riyals. Several stocks also hit their lowest levels of the year, including Tadawul Group, which dropped to its lowest point at 106 Riyals, as well as Ommalik and Sahl, which recorded historic lows.
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