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TASI opens lower amid materials decline
The Saudi Stock Market "TASI" started Thursday's session with a decline of 0.31%, losing about 31.5 points to reach 10,107.33 points, amid pressures from the basic materials sector and sell-offs across most stocks. Preliminary trading results showed a value of 374.9 million riyals exchanged through 32.4 million shares, with 218 companies declining and 43 rising, reflecting an expanding decline in the market. The capital goods, business, and professional services sectors experienced the largest decreases, while the media, entertainment, and banking sectors saw slight gains. Some stocks were active, with "National Steel" reaching a new all-time high, while "Luberef" and "Tihama" shares declined. The market capitalization of Al Rajhi Bank reached 32.04 billion riyals, with news and announcements continuing to influence market performance.
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