TASI Falls Slightly on Utilities and Energy

The Saudi Stock Market Index "TASI" opened lower, declining by 0.16%, influenced by declines in the utilities and energy sectors. Aquapower’s share dropped by 1.37% following the announcement of the general assembly meeting results, leading to a loss of 17.79 points, with the index closing at 11,213.82 points. Despite the overall decline, the consumer services, communications, and transportation sectors saw gains of 0.73%, 0.36%, and 0.35%, respectively. Meanwhile, Careem led the list of the most rising stocks with an increase of 9.94%. The market also experienced notable activity, with trades amounting to approximately 629.22 million SAR across 42.58 million shares. Al-Koutly’s stock recorded the highest increase of 3.15%, amid efforts to improve the structure of the derivatives market and develop the Saudi stock market.

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