Saudi Market Declines Amid Pressures on Index and Mixed Performance of Leading Stocks Led by Aramco

The Saudi market (Tadawul) witnessed a decline during the trading session, with the general index dropping to around 10,566 points, affected by profit-taking and selling pressures on several leading stocks, amid a decrease in risk appetite among investors.

Saudi Aramco topped the list of the most traded stocks in terms of volume and value, showing relative stability in its performance compared to other leading stocks, which helped mitigate the index's losses due to its significant weight in the market. Active trading was also observed in the stocks of SABIC and SABIC Agricultural Nutrients, amid mixed performance.

Market data showed that trading value exceeded 303 million riyals, with over 15 million shares traded, while the majority of stocks were in the red, with declining stocks outnumbering rising ones, reflecting a clear weakness in buying momentum during the session.

By sector, the Commercial and Professional Services and Consumer Goods sectors recorded noticeable declines, while the Transportation sector showed more resilience, benefiting from limited gains in some stocks. Selective activity was also evident in some real estate REITs, which recorded varying gains.

The performance of the Saudi market reflects a state of caution and anticipation among investors, continuing to monitor developments in energy prices, Aramco's stock performance, along with regional and global economic updates affecting market trends in the near term.