SMB stocks beat Saudi market decline

Medium and small-cap stocks in the Saudi market experienced varied upward movements, contrary to the decline of the general index, which closed down by 0.74% at 10,283.96 points. The "National Steel" share led the gainers with an increase of 9.77%, supported by rising demand for infrastructure projects. Other companies, such as Fibco, Knowledge City, and Saudi Kima, also saw gains due to operational developments and expansion projects. Active trading was focused on the basic materials and healthcare sectors, as companies continued to benefit from developmental initiatives and geographical expansion.

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