TASI gains 0.87% midmorning
The Saudi Stock Market Index "TASI" increased by 0.87% to reach 10,917.7 points, with 200 companies advancing compared to 61 that declined. Trading volumes amounted to approximately 2.33 billion riyals. The banking sector was the most active, recording a growth of 1.20% and housing the largest liquidity. Additionally, the media, entertainment, and utilities sectors supported the overall rise. Conversely, the retail and services sectors experienced declines. The stocks saw significant gains driven by companies such as Naysaj and Reidan, with Al Rajhi and Al Inmaa leading activity in both value and volume, amid announcements of contract signings, financings, and price level changes during the session.
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