A slight decline in Saudi stocks in its first hour, amid the variation of companies

Saudi stocks fell slightly during the first hour of trading to 11762 points, amid trading of 1.7 billion riyals.

The contrast came despite the rise of most companies, but the decline in influential shares, headed by “Saudi Aramco” pressure on the “Tassi” index.

6 companies announced their financial results for the first quarter, all of which achieved growth except for the company “Tadawul”, whose profits decreased 40% on an annual basis, while the performance of the shares of the announced companies varied, “The First” and “SABIC for agricultural nutrients” rose against the decline in the rest.

The shares of “Arab Cement” deserve a profit of 0.75 riyals per share for the second half of the fiscal year 2024, while the General Assembly of the “Arab Cement” and the “Investment Bank” will be held today.

As for “Azim” and “Tabuk Cement”, they announced the payment of profits for their shareholders today.