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TASI slips on bank, telco

TASI slips on bank, telco

The TASI closed Sunday’s session down 0.78%, shedding 78.5 points to 10,016.92, on trading volume of more than SAR 2.74 billion, involving 181.30 million shares. The decline was driven by the banking and telecommunications sectors, which fell 1.57% and 1.43%, respectively, amid a downturn in global markets and rising geopolitical tensions. Analysts view the 10,000-point level as pivotal: a break below it could push the index toward 9,500, while holding above it could pave the way for a move toward 10,200.

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