TASI declines 11,000 points

The Saudi stock market declined significantly, with the Tadawul index dropping below 11,000 points for the first time in two weeks, closing at 10,933 points, down by 0.67%. This came amid pressure from most companies, especially Aramco, and a 15% decrease in trading value to 4.2 billion riyals, as selling pressure continued. Market analysts are now forecasting that the index could drop to at least 10,500 points. During the session, 181 companies declined while 59 advanced. The declines were particularly sharp in the real estate management and development sector, whereas the transportation sector saw a slight increase.

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