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Tadawul drops 1.66% this week
The Saudi Financial Market "Tadawul" ended its week with a decline of 1.66%, losing 179 points from the "TASI" index to reach 10,598.88 points, amidst ongoing geopolitical tensions and fluctuations in oil prices, as well as regional and global market volatility. The market capitalization decreased by 8.93 billion riyals, and many sectors experienced selling pressures, with "Nesaj" leading the losers with a drop of 14.73%, followed by "Al Asmak" with a decline of 14.53%. Market trading also decreased to approximately 13 billion riyals, with trading volume falling to 681.5 million shares, after the market closed on Wednesday for Saudi National Day. Factors such as geopolitical tensions and rising US bond yields were among the main influences behind the week's negative market performance.
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