Saudi market rises driven by steel and Gulf

The Saudi Stock Market saw an increase in the performance of some small and mid-cap stocks, despite the main index declining by 0.45% to 10,542.23 points. National Steel led the gainers with a 10% rise, reaching 2.2 riyals, with trades valued at 0.53 million riyals, amid strong demand for shares in the basic materials sector. Additionally, Arab Barel Information Systems' stock rose by 9.79% to close at 4.15 riyals, with cash flows amounting to 9.11 million riyals, reflecting renewed interest in the technology and information sectors. The insurance, logistics, and telecommunications sectors also performed positively, with stocks such as Saudi Re, Saudi Logistics Services, and Saudi Telecom Group experiencing gains.

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