Saudi bourse falls on profit taking; Egypt extends gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2025
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Source: Reuters
Saudi Arabia's Stock Market Performance: The Saudi stock market fell by 0.3% after five consecutive days of gains, primarily due to declines in Al Rajhi Bank and ACWA Power Company.
Egypt's Market Gains: In contrast, Egypt's blue-chip index rose by 0.6%, marking its third day of increases, driven by a significant rise in El Sewedy Electric Co.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
