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Saudi market declines led by transport petrochemicals and tech
The Saudi stock index (TASI) declined by 0.40% at the end of today's session, with notable decreases in the transportation, petrochemicals, and tech services sectors. Among the most affected stocks were Saudi Ground Services, which fell by 6.95%, and Yanbu National Petrochemical Company, which declined by 4.07%. This downturn resulted from selling pressures driven by fluctuations in feedstock prices and global demand levels, leading to a decrease in market liquidity and posing a threat to the overall sector's performance.
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