TASI index minor increase midday
The Saudi Stock Market General Index (TASI) experienced a slight increase of 0.10%, reaching 10,937.13 points at the midpoint of trading, with trading values totaling approximately 2.995 billion riyals during the session. A total of 179 companies advanced, while 77 companies declined. The sectors leading the gains were Applications and Technology Services, Real Estate Management and Development, and Basic Materials, whereas the Energy and Insurance sectors saw declines. Synomi Retail led the gains with a 5.86% rise, while the Bahri stock increased by 3.03%. Conversely, Nacieg's stock reached its lowest level in 52 weeks, and Mifak REIT's share hit a historic low of 3.29 riyals. Some companies announced dividend distributions and restructuring agreements, while the market also adopted measures related to Saudi government sukuk and plans for issuing units of the Monthly Distribution Fund.
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