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TASI drops 0.67% on real estate concerns
The Saudi Stock Market Index "TASI" closed on Thursday with a decline of 0.67%, impacted by pressure from the real estate sector, which dropped by 2.90%. The index reached its lowest level at 10,933.23 points, exhibiting fluctuating performance and an increase in the number of losing shares to 188 companies compared to 66 gaining ones. Total trading values amounted to approximately 4.23 billion riyals, with a declining performance across many major sectors, especially basic materials, energy, and banks. Some stocks, like Nesma, recorded seven consecutive highs, while others, such as Darr Al Arkan and the Makkah Petroleum, experienced declines.
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