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Saudi stocks rise on real estate, energy, insurance
The Saudi Stock Market (TASI) experienced varied performance during Sunday’s session, with most leading and mid-sized stocks rising amid active trading, especially in the real estate development, insurance, and energy sectors. The index ended with a slight decline of 0.03%, closing at 10,716.82 points, although many stocks saw notable gains. Among them was the Economic City Company’s stock, which increased by 9.99% to 13.21 riyals, with trading volumes worth 50.32 million riyals. The insurance and energy sectors also recorded significant rises, reflecting strong buying interest in stocks related to plans for improving financial performance and development. This indicates positive market reactions to the second-quarter results and growth expectations in the Saudi market.
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