TASI Index steadies mid-session amid sector variation
The Saudi market index (TASI) settled at 11,259.14 points after a slight decline of 0.01% during the late-week trading session, amid market fluctuations and total trades of approximately 2.6 billion Riyals through 132.85 million shares. The long-term goods sector led gains with a 0.93% rise, while sectors such as media, entertainment, real estate, and banking experienced declines. Nadec’s stock surged by 9.98% following the general assembly’s approval of a capital increase, although Nadec’s share hit a record low of 17.86 Riyals. Liquidity was high for Al Rajhi Bank’s stock, totaling about 180.36 million Riyals, while Al KatLink’s stock traded 10.48 million shares. Additionally, disclosures included capital increases for some companies and an asset valuation of the Alinma Reit Hotel Fund.
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