Saudi market opens with 0.24% gain
The Saudi Financial Market Index "TASI" rose by 0.24% to reach 10,724.73 points, supported by the pharmaceuticals and banking sectors. The market recorded a liquidity of 517.35 million riyals through trading of 24.55 million shares. The pharmaceuticals, petrochemicals, consumer goods, services, and entertainment sectors are among the best performers, while the capital goods, applied technology, and household products sectors declined. Leading stocks such as Naseej, Winasab, and the Saudi Al-Ahli Bank posted gains, while the Gulf Pipe stock experienced a sharp decline. On the other hand, Al Jazira Bank and Saudi Cables announced financial results and credit facilities. The session included financial report releases and dividend notifications, with the shares of Murabaha City and Education REIT reaching their highest levels in 52 weeks.
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