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Saudi market slump driven by tech and real estate
The Saudi "TASI" index declined by 0.63% on Monday's session, with clear selling pressure on technology, real estate, and basic materials stocks. Shares of companies such as Tobi, Symoni Centers, and Saudi Real Estate Reit 1 experienced losses exceeding 4.4%, amid sell-offs and trading volumes reaching tens of millions of riyals, reflecting weak demand and an increased pace of profit-taking in the market.
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