21 Hrs
الاقتصادية
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الاقتصادية

2026-11-02T05:34:53.471Z

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TASI Falls, Profits Shift

TASI Falls, Profits Shift

The TASI index fell 0.8% to 9,838 points in the November 1, 2026 session, with shares of 211 of the 252 listed companies declining—about 84%. Its losses over two sessions reached 1.85%. Trading value dropped 23% to SAR 3.11 billion, while the pharmaceuticals, consumer services, and media and entertainment sectors weighed on the market. The applications and technology services sector, by contrast, rose 4.43%. Results from 84 of 273 companies showed combined profits of SAR 43.38 billion, up 23.69% year on year. But profit growth did not guarantee share-price gains: Elm’s earnings beat expectations by 36%, and its shares rose 9%, while Lujain’s results came in 39% below expectations despite a 77% increase in profits, sending its shares down 9.91%.

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