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Tadawul opens week lower
The Saudi Stock Market Index "TASI" declined by 1.27% at the start of Sunday trading, resulting in a loss of 132.02 points to reach 10,244.26 points. The decline came amid widespread selling pressures affecting most stocks and sectors, especially the banking sector, which dropped by 1%, and the transportation sector, which fell by 2.63%. Meanwhile, the "National Steel" stock rose by 7.02%, leading the list of advancing shares, while the most decliners were "Lazurde" and "Bawan." The session also saw the announcement of financial results and management changes for major companies, with trading volume approaching 399 million riyals. The most actively traded stocks were "Al Rajhi Bank" and "National Commercial Bank." There are no specific indications of the reasons behind the decline, but the overall performance reflects broad market pressures.
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