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Ta98si dips 1.24% at midday
The "TASI" index in the Saudi market declined by 1.24% to reach 10,870.72 points, primarily influenced by declines in the utilities and basic materials sectors. The session experienced broad selling pressure, with 235 companies decreasing in value and only 31 companies rising. Among the most declined stocks were Lubref, down by 9.62%, and Petro Rabigh, down by 5.38%. On the other hand, Armaha's stock rose by 9.95%. Several important announcements regarding listed companies were also made, such as the Capital Market Authority's approval of Wataniya Water's acquisition of Shas for Water Services. These changes were part of today's market performance, which saw varied performances amid liquidity exceeding 2.5 billion riyals.
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