Saudi Market: Research, Media, SinoMe Lead Decline

The Saudi stock market experienced notable declines today across several sectors, with media, retail, and consumer services stocks leading the losers. The Saudi Research and Media Group's share fell by 3.80% to reach 62.1 riyals, with a trading volume of 44.83 million riyals. Similarly, Sinomi Retail's stock decreased by 3.52% to 17.8 riyals, with trades amounting to 82.9 million riyals. The Al Yamama Steel Company’s share also declined by 2.61%. These declines were accompanied by further drops in the stocks of companies such as Kemate, Nusayj, Al-Asmak, Jahid, and Sandid Holding, as well as in the energy sector where the refinery’s stock dropped by 2.05%. The declines occurred amid clear selling pressure on the leading stocks, continuing to reflect the current market conditions.

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