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Tasi cuts losses amid limited liquidity
The main Saudi stock index (TASI) ended Sunday's session with a slight decline of 0.15%, despite intense fluctuations during the session, amounting to 155 points, influenced by regional geopolitical risks. The market was able to reduce its losses supported by selective buying in leading and sector-specific stocks, particularly in banks and basic materials, with oil prices remaining above strong levels, thereby bolstering the financial stability of the energy sector. The top gainers included Sedq stock, which rose by 9.97%, and National Iron, which increased by 9.92%. Conversely, other stocks such as Arab National, which declined by 3.31%, and the Media and Entertainment sector, which fell by 2.50%, saw declines. Trading volume reached 2.69 billion Riyals, with activity concentrated in stocks like Al Rajhi, Nadec, and Aramco, amid the market's exposure to financial disclosures and dividends that are expected to influence performance in the coming period.
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