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TASI drops 0.18% amid sector pressure
The Saudi "TASI" index declined by 0.18%, reaching 10,900.35 points during mid-trading, mainly influenced by a decrease in the energy sector by 0.59% and the utilities sector by 0.79%. The market experienced mixed performance among companies, with the prices of 123 firms rising while 127 others declined, with liquidity exceeding two billion riyals. Among the rising stocks, Reidan led the gains with a 10% increase, while Al-Kouty experienced the largest drop at 8.46%. Additionally, the market saw disclosures related to license renewals and news about unpublished financial results, with some stocks hitting their lowest levels in 52 weeks.
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