TASI closes Thursday down 2.32 percent
The Saudi Stock Market (TASI) closed on Thursday with a decline of 2.32%, losing 230.76 points to reach 9,695.86 points. The decline was driven by widespread selling across most stocks and a decrease in all sectors. This downturn caused the industrial sector for capital goods to drop by 5.3%, and basic materials by 3.68%. Meanwhile, energy, real estate funds, and food production sectors were less affected. The most notable declining stocks were Electric Industries and Abu Moati, both falling by up to 10%. Conversely, Union and JAZADCO stocks experienced significant gains of 10% and 9.42%, respectively. The Al Rajhi stock topped trading volumes with over 562 million riyals. Stock prices reached their lowest levels in a year, amid the release of new financial results for companies, all within a context of persistent market pressure.
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