TASI Falls 1% with Petro Rabigh Leading Decline
The Saudi stock index "TASI" declined by 1%, reaching 10,898 points, after an attack on the East-West pipeline in Riyadh and Madinah. This prompted the Ministry of Energy to temporarily shut down the pipeline and implement security measures to ensure its safety. The prices of 226 stocks decreased, while 36 stocks rose. The share of "Petro Rabigh" experienced the largest decline at 6.53%, and "Armoh" saw the biggest rise at 8.03%. Losses were concentrated mainly in the transportation and energy sectors, with a trading volume of approximately 1.513 billion riyals.
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