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TASI drops as banks face pressure
The Saudi "TASI" Index declined by 0.26%, reaching 10,654.44 points, mainly influenced by pressure from the banking sector, which fell by 1%. The session showed that the market performance was impacted by declines in some major companies' shares, while the utilities sector supported the index with a rise of 1.33%. Regarding trading activity, most of the liquidity was concentrated in the Al-Rajhi stock, which decreased by 2.35%, despite recording the highest trading value of nearly 208 million riyals. Additionally, the market saw important disclosures, such as dividend distributions from some companies, and many stocks fell to historic lows during the session.
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