Tadawul Weekly Drop 1.94%

The Saudi Stock Market concluded its week with a clear decline, as the TASI index dropped by 1.94%, which is equivalent to a loss of 205.91 points, bringing it to 10,392.97 points compared to 10,598.88 points the previous week. Selling pressures caused all sectors to decline except for the Consumer Services sector, which recorded a rise of 1.84%. Additionally, the total market capitalization decreased significantly, with the market losing 176.73 billion riyals to reach 9.123 trillion riyals. The Abu Mu’ati stock led the declines with a drop of 18.83%, while the Aneyya stock posted the highest gain with an increase of 18.84%. Weekly trading values rose by 42.96% to 18.53 billion riyals, with trading volumes increasing to 941.25 million shares. Investors are looking forward to potential market improvement in the coming week amid ongoing measures aimed at developing trading mechanisms and increasing investor activity.

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