55 Days
Source:
الاقتصادية
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Banks Drive TASI to Break Two-Week Losing Streak in Saudi Arabia
The Saudi Stock Index "TASI" recorded a 0.2% increase, closing at 10,720 points, breaking the longest losing streak in two weeks. This was supported by rises in banking stocks and leading companies, despite the market's narrow breadth, as the larger-cap companies provided most of the support. The banking sector led the gains, rising by 0.5%, with all ten of its stocks advancing. Contributions also came from increases in "Aramco," "SABIC," and "Sulaiman Al-Habib." Meanwhile, some companies experienced declines, such as "Electric Industries" and "Misar." The total trading value amounted to 3.4 billion riyals, down 14%, with a better distribution of trades, as advancing stocks accounted for 58% of the value. The healthcare sector performed positively, rising by 0.7%, while the pharmaceuticals sector declined by 1.6%.
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