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Tasi closes Thursday lower
The Saudi Stock Market (TASI) closed on Thursday with a decline of 0.46%, losing 47.67 points and finishing at 10,392.97 points, slipping below the 10,400 level. The session saw a decline in the performance of most sectors, especially the banking sector by 0.7% and the food production sector by 2.26%. The downturn coincided with weak liquidity and increasing geopolitical tensions, as trading values dropped to 4.5 billion riyals. The market faces new support levels at 10,300 and 10,200 points, which the index needs to reclaim to halt the bleeding. Several companies' shares reached low levels, with KEMANOL experiencing the steepest decline at 9.49%. Meanwhile, Al Rajhi Bank had the highest trading volume, with transactions totaling 493.68 million riyals.
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