The Tadawul All Share Index (TASI) in Saudi Arabia experienced a significant downturn on Tuesday, falling 1.7 percent to finish at 9,952 points. This performance represents the index's weakest closing position in over three years, with total market turnover recorded at roughly SR3.8 billion. Throughout the trading day, the index moved within a range of 9,941 to 10,116 points, contributing to a year-to-date decline of 5.1 percent. Major equities faced notable selling pressure, including Saudi Aramco and Al Rajhi Bank, which both saw their share prices drop by one percent. Other companies, such as Yansab, experienced sharper losses of up to 7 percent, while firms like Etihad Etisalat and Bank Albilad also recorded declines, reflecting a broader downward trend across the exchange.
Source : Saudi Gazette
Photo : Saudi Gazette
