Tadawul drops 0.16% at midday

The overall Saudi Market Index (TASI) declined by 0.16% during mid-session trading on Thursday, reaching a level of 10,870.42 points. It opened at 10,899.51 points and reached a high of 10,910.14 points. The session saw selling pressure on 198 companies, with a trading volume of 2.55 billion SAR. Some stocks, such as Saudi Ground Services and Saudi Pipes, fell by 6.11% and 5.39% respectively, while others like DBS and Al-Mamlaka experienced gains of up to 7.29% and 5.21%. The Basic Materials and Banking sectors were among the best performers positively, whereas the Media & Entertainment and Transportation sectors led the declines. The session also featured financial and regulatory disclosures from multiple companies, with the Resource stock hitting a 52-week high of 109.4 SAR.

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