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Saudi TASI down 0.42% to 10 points on Thursday

Saudi TASI down 0.42% to 10 points on Thursday
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AQASEEM
9539
-26.37% 3.10 -1.11

Riyadh – Mubasher: Saudi Arabia’s benchmark index finished in negative territory on Thursday, as the TASI fell by 0.42% to close the session at 10 points.

The market move was characterized by concentrated selling pressure in specific listings, which outweighed gains elsewhere in the market.

Aqaseem Factory for Chemicals and Plastics Company was the session's standout decliner, experiencing a significant sell-off that saw its share price drop by 14.81%.

The stock ended the trading day at SAR 3.22, leading the list of losers across the exchange. The sharp correction in Aqaseem represented the most substantial individual move during the day's trading activities.

The broader market performance remained subdued throughout the session, with the benchmark index failing to maintain its previous levels. Investors focused on the volatility surrounding the day's primary laggards, which dictated the final direction of the index.

By the close of trading, the TASI remained at the 10.00 points level, reflecting the negative sentiment that persisted during the 9 July session. No other major sectoral drivers were reported as the market concluded its operations for the day.