TASI Index opens lower by 0.21%

The Saudi Stock Market Index "TASI" closed its trading session with a decline of 0.21%, recording a loss of 21.64 points to reach 10,168.13 points, amid pressures from the Basic Materials, Communications, and Media & Entertainment sectors. The market experienced a mixed performance among individual stocks, with 111 companies rising and 139 decreasing. Some major stocks continued to decline, such as "Umlak," which dropped by 6.01%, and "Resources," which fell by 2.53%. The market traded approximately 274.58 million Riyals through about 40 million shares, with a focus on the "Laden" stock, which led activity in terms of both value and volume. Additionally, Alandlus Real Estate announced the purchase of land in Riyadh valued at 83.8 million Riyals as part of its expansion into the logistics sector. Meanwhile, some stocks reached record lows, coinciding with declines in shares like "Gibsco" and "Flynas."

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