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الاقتصادية
Maaden supports TASI rise again
The article focuses on the performance of the Saudi Stock Market "TASI" during today's trading session. The market indices regained some momentum, supported by an increase in the shares of major companies, most notably "Ma'aden," which rose by 5.4% following the announcement of its Q2 results. The company's profits reached 2.18 billion SAR, reflecting a 13% increase. This performance contributed to improved liquidity, with trading values jumping to 5.3 billion SAR, up 65% from the previous session. A total of 127 companies saw their stock prices rise, compared to 119 companies that declined, while the remaining companies remained stable. The "TASI" index experienced a slight increase of 0.3%, closing at 10,845 points. It continues to face resistance at the 200-day moving average around 10,978 points, which requires sustained activity and liquidity to break through. Despite gains in major sector companies, the market remains in a recovery phase, and more activity and liquidity are expected to be necessary to confirm continued improvement and to surpass key resistance levels.
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