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Saudi stock market dips 0.28% in early trade
The Saudi Stock Exchange "TASI" opened today's session (Sunday) with a decline of 0.28%, with the index falling to 10,773.71 points after a drop of 30.4 points by 10:20 AM. Trading values decreased to approximately 315 million Saudi Riyals, with 15.74 million shares traded. Out of these, 140 companies saw gains, 103 declined, and 27 remained stable. The Utilities sector experienced significant pressure, declining by 1.12%, followed by the Basic Materials sector which fell by 0.75%. Meanwhile, the Healthcare sector gained 1.43%, supported by the increased profits of Dr. Sulaiman Al-Habib Group. There was notable stock growth, particularly TWeeb Agricultural, which rose by 9.96% after the company announced a capital reduction and received approval from the Capital Market Authority. UCI SIC's stock jumped by 9.04% following strong financial results showing over 257% increase in quarterly profits. Conversely, the most decline was seen in PSP, which fell by 2.88%. In terms of liquidity, the Electric Industries stock led trading with a value of 27.19 million Riyals, followed by Al Rajhi Bank and Sulaiman Al-Habib. Several companies also announced dividend distributions and signed new agreements. Meanwhile, Waterna's stock approached its lowest level in 52 weeks at 12.93 Riyals, despite a slight increase of 0.23%.
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