Saudi Stock Market Continues Losses

The Saudi stock market closed lower today, Sunday, continuing losses from the previous session due to profit-taking operations, while the Egyptian index ended its losses that had lasted for five sessions. The "Saudi Index" fell by 0.5%, affected by a 2.5% decrease in the shares of "Riyad Bank," while the shares of "Saudi Bank" dropped by 3.8%. The shares of the National Shipping Company of Saudi Arabia surged by more than 4% following the announcement of a sharp increase in its net profits for the second quarter. The "Qatari Index" rose by 0.5%, driven by a 2.7% increase in the shares of "Industries Qatar."