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Tadawul Index Up 0.16% Midday
The Saudi stock market, "TASI," experienced a slight increase of 0.16%, reaching 11,176.21 points by mid-Monday. The rise was supported by the banking, energy, and retail sectors for luxury goods. The market recorded transactions valued at 2.75 billion riyals. Several stocks saw gains, such as Gulf International Pipelines, which rose by 6.16%, and Musb, which increased by 5.83%. Meanwhile, other stocks declined, with Nusayj dropping the most at 9.11%. Leading stocks performed well, reflecting ongoing economic activities and market developments, including companies signing contracts and announcing capital increases, amidst continued trading activity and discussions about company performances.
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