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Tadawul Index Falls 1.98% Weekly

Tadawul Index Falls 1.98% Weekly

The Saudi stock market ended its week with a decline of 1.98%, as the Tadawul All Share Index (TASI) lost approximately 214.39 points to reach 10,589.72 points, down from 10,804.11 points in the previous week. The market's total market capitalization decreased by 152.01 billion riyals, bringing the total market cap to 9.453 trillion riyals. The market performance included declines in 16 sectors, most notably insurance, which fell by 7.45%, and basic materials, which declined by 3.78%. Conversely, the healthcare, energy, and utilities sectors experienced gains, increasing by 4.35%, 1.45%, and 1.05%, respectively. The most declining stocks dropped by more than 11%, such as Babcock & Wilcox, while Tabuk Agricultural's stock saw a significant rise of 53.64%. Weekly trading value increased by 10.34% to reach 20.55 billion riyals, with trading volumes rising by 13.93% to 1.05 billion shares. Al Rajhi Bank's shares remained the most active by value, despite a price drop of 2.19%.

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