Tadawul Index holds steady amid sector support
The Saudi "TASI" index registered a slight increase of 0.06%, reaching 10,782.3 points, amid fluctuations within a range of 57 points. The gain was supported by the capital goods sector, which rose by 2.85%, and the applications and tech services sector, which increased by 2.33%. The top advancing stocks included Electric Industries, which surged by 7.49% following the company's announcement of semi-annual dividend distributions. Additionally, Madinah Knowledge City rose by 5.08% after releasing news about sales related to its project. On the other hand, stocks such as Roum and Tajum Pharma declined following announcements of partnerships and contract signings. Aramco led the market in liquidity, with a trading value of 200 million Saudi riyals. The highest trading volume was 7.59 million shares for each of Petro Rabigh and Electric Industries.
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