Saudi small and medium stocks fall second day

The Saudi stock market experienced a slight decline of 0.11%, closing at 10,908.06 points, amid selling pressure on the industrial and insurance sectors, particularly in small and medium-sized stocks following a series of gains. Among the most affected stocks, Al-Katran Holding Company saw a sharp drop of 10% after trading worth 31.05 million riyals. This was followed by the largest metals manufacturing company decreasing by 4.57%, and Wala'a Cooperative Insurance by 4.02%. Selling activities paused as metal prices fluctuated and some stocks showed relative resilience, amid portfolio liquidations and reassessments in the local market.

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