TASI drops over 100 points amid stock pressure
The Saudi stock market experienced a decline of 0.9%, with the "TASI" index closing at 11,013 points after a session marked by pressure from leading stocks such as Aramco and the National Commercial Bank, which had contributed to gains in the previous session. Trading volume decreased to 5.75 billion Riyals, as buying appetite waned, with losses mainly concentrated in the banking and basic materials sectors, while defensive sectors showed some positive movements. This decline is attributed to a profit-taking phase following a strong rally, as traders returned to a more cautious stance.
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