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TASI drops 0.32% in early trading
The Saudi Stock Market Index "TASI" continued trading with a decline of 0.32%, approximately 35.28 points, reaching 11,065.46 points at the start of Wednesday's session, amid a predominantly negative performance across most stocks and sectors. The market opened at 11,090.41 points and briefly dipped to a low of 11,062.39 points within the first few minutes. Declines were concentrated in the "Public Utilities" and "Media and Entertainment" sectors, while other sectors such as "Home Products" and "Energy" experienced slight gains. The share of "Gulf General" topped the gainers' list with a 5.14% increase following a board recommendation to reduce capital, whereas "Saptco" was among the biggest losers, falling by 1.89%. Trading value rose to approximately 328.78 million SAR through 20.43 million shares traded, with some companies announcing disclosures related to operations and share changes, in addition to some institutions initiating procedures such as issuing sukuk and pursuing acquisitions.
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