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TASI Index dips 0.40% amid sector declines
The Saudi Stock Market Index "TASI" closed lower for Tuesday's session, decreasing by 0.40%, losing 43.18 points and reaching a level of 10,698.81 points. Twelve sectors declined, led by the banks sector, which fell by 1.08%; this sector was also the most traded, with a value of 1.42 billion riyals. Other sectors, such as energy, communications, and basic commodities, experienced slight declines. Shares led by Al-Drees saw notable gains following the announcement of the first-half results, while shares of Abu Muayti and Eniya declined. Trading was high on Al-Rajhi Bank's stock, which accounted for the largest value of transactions. The market also saw disclosures regarding new offerings, IPOs, and acquisitions, with record-high and lowest levels of the year recorded in some stocks.
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