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TASI closes slightly lower at 11,000

TASI closes slightly lower at 11,000

The Saudi Stock Market Index (TASI) declined slightly by 0.08%, closing at 11,007.27 points, amid fluctuations during the session between a high of 11,059.47 points and a low of 10,993.37 points. Performance varied across sectors, with 14 sectors closing lower, most notably Consumer Services and Long-term Ownership, while the Insurance sector rose by 3.13% following the Cabinet's approval to establish the Saudi Risk Mitigation Fund for war-related risks. During the session, trades worth 4.15 billion riyals were executed, with a total of 180.78 million shares traded. The liquidity activity was concentrated on the Al Rajhi stock, which accounted for 563.15 million riyals in trades, despite its price dropping by 0.15%. From a technical perspective, the 10,900-point level is considered an important support for market stability, and breaking below it could lead to increased selling pressure.

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