5 TASI Stocks Hit 52-Week Lows on July 16

Shares of five companies listed on Saudi Arabia's Tadawul fell to their lowest levels in 52 weeks on July 16, according to data compiled by Argaam.

Among the stocks hitting new lows were Al Sagr Cooperative Insurance Co., Saudi Industrial Investment Group, and Saudi Cable Co. The other two names were not immediately specified in the report.

The moves come amid a mixed session for the broader TASI index, which has faced pressure from lower oil prices and global growth concerns in recent weeks. Saudi Industrial Investment Group has been under particular strain as petrochemical margins tighten, while Saudi Cable Co. continues to struggle with sector-specific headwinds.

No further details on trading volumes or specific catalysts for each stock were provided in the data release.