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Saudi market starts week down 0.90%
The Saudi stock market opened today’s session with a decline of 0.90%, approximately 99.62 points, bringing the "TASI" index to 10,907.65 points amid a broad selling wave affecting most stocks. 230 companies declined, while 31 rose and 11 remained stable. The losses were concentrated in the utilities, basic materials, and energy sectors, whereas the Applications and Tech Services sector experienced a marginal gain. The most traded stock was "Armoh," which rose by 5.28%, while "Petro Rabigh" declined by 8.27%, making it the biggest loser. The market reactions included disclosures such as leadership changes at Alujain Corporation and the announcement by Maysan Water Company of acquiring Shas, along with some stocks hitting their lowest levels in a year. Turnover amounted to nearly 908 million Riyals.
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