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TASI Index Edges Up During Trading
The Saudi Stock Market Index (TASI) experienced a slight rise of 0.04%, reaching 11,029.29 points before midday trading. Total trading amounted to 1.82 billion Saudi Riyals through 104.13 million shares. The pharmaceuticals sector led the gains with a 0.79% increase, led by Dawaween which rose by 2.10%. Conversely, the transportation sector declined by 0.92%, led by Ground Services which fell by 2.68%, reaching its lowest level in 52 weeks. Among the gaining stocks, Sadad increased by 5.15%, along with other shares such as City of Knowledge and United Gulf. On the other hand, Jicsco topped the declines with a drop of 3.49% due to the absence of its financial results publication. The market also saw announcements of acquisitions and financial results, as well as declines in some stocks reaching historic lows in several trades. The performance of sectors varied, with investors closely monitoring the performance of listed companies.
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