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Saudi Mid and Small Caps Drop Again
During Monday's session, the Saudi stock market experienced slight declines, with the TASI index dropping by 0.11% to close at 10,908.06 points. There was selling pressure on small and medium-sized company stocks, particularly in the insurance and basic materials sectors. The Al Kalthami Holding Company stock led the losers, decreasing by 10%, despite trading at a high value of 31.05 million riyals, following previous gains that prompted profit-taking. Additionally, sectors such as insurance, industry, and services saw declines due to portfolio reevaluations and fluctuations in metal prices, with significant drops in both leading and non-leading stocks, driven by weak demand and expectations of a market correction after recent increases.
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