TASI drops 1.7% to 9,952 points, marking lowest close since April 2021
Saudi TASI index closed down 1.7%, or 172 points, at 9,952 points—its lowest close since April 2021, driven by declines in Aramco and Al Rajhi.
The main Saudi stock market index, TASI, closed Tuesday's session down 1.7%, equivalent to 172 points, settling at 9,952 points—its lowest closing level since April 2021, according to Saudi Gazette. Total trading value reached approximately 3.8 billion riyals.
During the session, the index fluctuated between a low of 9,941 points and a high of 10,116 points. Year-to-date losses for the index reached about 540 points, representing a decline of 5.1%.
Saudi Aramco shares fell 1% to 25.48 riyals, and Al Rajhi Bank dropped nearly 1% to 60.15 riyals. Yanbu National Petrochemical Company (Yansab) shares plummeted 7%, while SABIC Agri-Nutrients and Bank Albilad decreased by 3% each following third-quarter results.
SABIC Agri-Nutrients closed at 109.80 riyals, and Bank Albilad closed at 21.47 riyals. Tihama was the biggest loser, dropping 8%, while Azm led the gainers with a 4% rise, according to the newspaper.
What do these terms mean?
General Index: A figure measuring the performance of a group of stocks in a financial market; it rises when the prices of most constituent stocks increase and falls when they decline.
Trading Value: The total monetary amount traded in the market during the session, which differs from the number of shares traded.
Third Quarter Results: The financial statements announced by a company regarding its performance during the three months from July to September.
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