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Saudi market faces late selling pressure
At the end of Tuesday's session, the Saudi stock market experienced selling pressures on several leading and mid-sized companies, despite the general index closing higher by 0.45% at 11,145.55 points. The losses were concentrated in stocks such as Saudi Cables, which declined by 4.53%, and Budget Saudi Arabia, down by 2.84%. There was significant liquidity and trading volume on certain stocks, reflecting prevailing selling pressure in the market, yet this did not impact the overall performance of the index.
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