Saudi Market Declines 1.18% Amid Pressure on Energy Stocks Led by Aramco

The Saudi market (Tadawul) ended Tuesday's session with a sharp decline, with the TASI index dropping to approximately 10,466 points, recording a daily loss of 1.18%. The session exhibited a clear breadth of selling.
There was a near-complete dominance of declining stocks, with 235 companies falling compared to only 25 rising out of 265 listed companies, reflecting a general weakness in risk appetite.

Leading Stocks Under Pressure

The decline was led by the energy sector, as Aramco's share fell by 1.04% to close at 23.75 SAR, impacted by a drop in global oil prices. Other notable declines included:

• Petro Rabigh: ▼ 4.76%
• SARCO: ▼ 0.93%
• ADES: ▼ 0.69%
• ABO MOATI: ▼ 4.23%

Limited Exceptions

Despite the widespread pressure, some stocks recorded limited gains, notably:

• Arabian Drilling: ▲ 1.53%
• Dar Al Arkan: ▲ 3.47%
• Al Ahli REIT 1: ▲ 4.15%

Broader Picture

On a broader scale, market data indicated that the index is down by approximately 5.30% over the month and 12.41% year-on-year, reflecting continued pressures on the market amid fluctuating energy prices and increased caution in global markets.