TASI underperforms in midday trading

The Saudi market index "TASI" declined more than 150 points in the middle of Wednesday's session, approaching 10,520, after the release of financial results below expectations from major companies such as SABIC, Amaak, and Al Nahdi. This led to widespread selling pressure on leading stocks, especially banks and petrochemicals like Al Rajhi and Aramco. On the other hand, positive results from some companies such as Americana and Solutions caused their shares to rise, but their performance was not enough to fully offset the market's decline. The earnings season remains the primary driver of stock trends, with persistent variation in company performance and the influence of leading stocks continuing to impact the overall index movement.

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