Monitoring carried out by “Okazu” revealed that the stocks of 24 companies listed on the major stock market “TASI” hit record lows in last week’s trading, given continued selling pressure and a decline in risk appetite, especially in small and medium-sized stocks.
According to monitoring, the companies and prices that recorded historic lows are as follows.
Electric wire: 16.88 riyals. UEC: 24.50 Riyal. Pottery: 18.60 riyals. Al Juf Cement: 5.87 riyals. Tarco: 31.20 riyals. Construction cost: 22.30 Riyals. CGS: 7.65 riyals. Printing and packaging: 7.35 riyals. Teeb: 33.14 riyals. Lumi: 42.90 riyals. Aviation personnel: 58 riyals. Raydan: 18.65 riyals. Ready: 11.54 riyals. Sako: 23.35 riyals. Construction station: 50.50 riyals. Farm market: 13.02 riyals. Medicine: 47.90 riyals. Modern factory: 25.94 riyals. Production amount: 26.90 riyals. Equipment house: 29.56 riyals. Fakih: 32.16 SAR. Flexible: 8.96 SAR. ACGE: 6.71 SAR. Equipment: 29.30 SAR.
This performance comes at a time when the market is witnessing a state of volatility and revaluation, with pressure concentrated on the industrial, consumer and services sectors, and while it may reflect some stocks reaching attractive price ranges for investment, continued recovery continues to be linked to improved liquidity and clarity on the index’s overall direction in the coming weeks.
Over the past week, 231 companies’ stock prices have declined, 34 companies’ stock prices have increased, and 3 companies’ stock prices have remained unchanged.
Among declining companies, care stocks ranked first with 19%, followed by textile stocks with 12% and ready stocks with 11%.
Meanwhile, the top gainer was Enaya stock, which rose 15%, followed by Dar Al-Arkan stock, which rose 12%.
It is noteworthy that the index closed the week at 10,947 points, down 2.7% or 305 points compared to the previous week’s closing price of 11,252 points.
