The Saudi stock market witnessed a noticeable decline at the beginning of trading on Sunday, after returning from the Eid Al-Fitr holiday, during which it lost more than 150 points, in light of the tension of geopolitical events in the region.
By 10:20 Riyadh time, the TASI general index had fallen by 1.37%, losing about 152 points of its value, reaching 12,552.63 points.
More than 1.38 billion riyals were traded, through 58.3 million shares distributed over more than 105 thousand transactions.
Meanwhile, the performance of 209 stocks decreased, led by SASCO by 3.88%, followed by Farm Markets by 3.82%, and Taama stock fell by 3.60%.
On the other hand, the performance of only 22 stocks increased, led by ground services, which jumped by about 6.64%, while the performance of the Red Sea stock increased by about 6.01%, and the Atheeb Telecom stock increased by about 3.39%.
Saudi Aramco shares topped the market in terms of value, with more than 150.04 million riyals, through 4.9 million shares, while Al Baha shares were the most active in terms of volume, with about 7.66 million shares.
The market declines come after escalating geopolitical events in the region, with Iran launching an air attack with dozens of drones and cruise missiles against Israeli targets on Saturday evening, in response to the latter targeting the Iranian consulate in Syria.
According to the Israeli army spokesman, 99% of the 200 missiles that reached Israel were intercepted.
