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Fish and Arabiya Drive Saudi Market Losses
The Saudi financial market experienced a decline in performance during today’s session, as the "TASI" index dropped by 0.74% to reach 10,283.96 points, amid selling pressures on leading and mid-cap stocks. The shares of Al-Asmak company topped the list of the biggest losers, falling by 4.76% to 53.05 riyals, with trading volume totaling 21.74 million riyals. The media, professional services, and telecommunications sectors also saw notable declines, with stocks such as Arab Media decreasing by 4.65%, and Alqa Telecom falling by 3.79%. Continued selling pressures and quick profit-taking affected the market, reflecting weak performance on one hand, and prompting investors to exercise caution amid ongoing volatility in the upcoming sessions.
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