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TASI dips slightly amid sector pressure
The Saudi Stock Exchange (TASI) Index showed a limited decline of 0.05%, reaching 10,593.25 points, amid fluctuations during the session. It registered a high of 10,614.84 points and a low of 10,575.96 points. The food sector decreased by 1.34%, and the capital goods sector fell by 1.33%, while the energy sector supported the index with an increase of 0.53%. The banking sector experienced a slight gain of 0.26%. Shares of Al Fakhariyah and Al Naim led the gains with 6.38% and 6.24%, respectively, while Abu Mu’atti and Nofouz saw sharp declines of 6.03% and 5.99%. The session highlighted important disclosures, including companies signing contracts and memoranda of understanding, along with leadership appointments and price alerts, which caused some stocks to reach their lowest levels in 52 weeks.
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