Tasi declines slightly as banking sector rises

The Saudi Stock Market "TASI" closed on Thursday with a decline of 0.19%, losing 20.52 points to reach 10,823.6 points. The market saw more declining stocks, with 154 companies down compared to 103 advancing. Despite the overall downturn, the banking sector rose by 0.39%, recording the highest liquidity at 843.21 million Riyals, with Sinomy Retail stock soaring by 9.96% to a historic high of 306 Riyals. Additionally, shares of MIS Company hit a record level, while others such as Aramco, Mi’athana, and Nefoud declined. The most affected sectors were Applications and Technology Services, Healthcare, Basic Materials, and Energy. Conversely, food stocks and banks were among the beneficiaries.

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