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TASI opens week with 10,800 point drop amid Aramco pressure

TASI opens week with 10,800 point drop amid Aramco pressure

The Saudi stocks declined at the beginning of the week, with the Tadawul All Share Index (TASI) dropping below 10,800 points to close at 10,767, down by 0.4%. The decline was mainly driven by the energy sector, despite a decrease in liquidity to 2.38 billion riyals and a 2% rise in the healthcare sector, which reported record profits for its companies. Although most stocks and sectors fell, the market did not show signs of a strong wave of selling, due to weak trading activity and declining liquidity, indicating weak demand rather than intense selling pressure.

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