Tadawul rises 0.26% at midday
The Saudi Stock Market Index "TASI" rose by 0.26% to reach 10,851.95 points midway through today's session, primarily supported by the basic materials and banking sectors. The basic materials sector saw an increase of 1.21%, with a trading volume of 462.55 million Riyals, coinciding with SABIC's announcement regarding developments in the sale of its engineering plastics businesses in America and Europe. The banking sector also strengthened, gaining 0.66%, while the trade and professional services sector recorded the highest increase of 1.37%. On the other hand, the home and personal products sector declined by 0.90%, utilities fell by 0.63%, and real estate decreased by 0.53%. Sacles led the gains with a rise of 9.94%, and Petro Rabigh recorded the highest trading value with liquidity of 209.79 million Riyals, with its price increasing by 2.48%. The market also saw financial disclosures from major companies and the MIS share reaching a new all-time high of 272.6 Riyals, while some stocks managed to hit their lowest levels in 52 weeks.
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