Utilities and retail stocks drag Saudi market

The Saudi stock market experienced a decline in today's session, with the TASI index closing at 10,907.67 points, down by 0.23%. This reflects significant selling pressure primarily on stocks in the utilities, services, and industrial sectors. The share of Maaden recorded the largest loss, dropping by 4% to close at 100.9 riyals, with trading worth 31.05 million riyals. Other stocks such as Arab Cement, Acwa Power, National Education, and Jarir also saw notable declines, accompanied by high trading volumes in some shares, which overall exerted downward pressure on the market.

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