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Tasi hits two-week loss streak
The Saudi stocks declined for the third consecutive session, with the TASI index decreasing by 0.4% to close at 11,034 points, despite trading volume rising to 4 billion riyals—a 16% increase. The decline came amid widespread selling pressures, with most sectors showing a downturn. The banking sector increased slightly by only 0.2%, while the industrials sector experienced a sharp drop of 2%. The current market levels remain close to the 200-day moving average, which raises the risk of increased selling pressure if technical support is not maintained.
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