Saudi Stocks Deepen Losses at the End of the Week, Closing with Weekly Losses

The Saudi stock market index closed lower on Thursday, with the TASI index ending the session down by 32.85 points, at 11,859.47 points. This marks the second consecutive week of losses for the index, with a weekly decline of 32.97 points. The total trading volume today was around 457.5 million shares, with a value of approximately 1.3 billion SAR, executed through 375,500 transactions.

Regarding the trading of Saudi stocks today, shares of Rasan, Medgulf Insurance, Zoujaj, United International Holdings, and Thieb saw the largest gains, while shares of Research and Media Companies, Al-Baha, Red Sea, Astra Industrial, and SADAFCO experienced the most declines. The percentage change in share prices ranged between 3.16% and 7.58% on the Saudi Stock Exchange.

Additionally, the Tadawul Parallel Market Index (Nomu) closed lower by 120.35 points, at 30,886.71 points. The trading volume in the parallel market was 50.5 million SAR, with a volume of 3.6 million shares traded through 4,090 transactions.

In terms of company performance on both main and parallel stock indices, TASI saw 78 companies experience gains, while 143 companies saw their shares decline. Meanwhile, the Nomu Market saw 37 companies register gains, and 38 companies experienced declines during the session, ending at the close.

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