Tai closes Thursday down 0.46 percent
The Saudi Stock Market Index (TASI) decreased by 0.46%, closing at 10,392.97 points, losing a key support level at 10,400 points. The decline came as 149 companies fell versus 109 that rose. This occurred amid concerns over ongoing technical pressures resulting from declining liquidity and weak performance in the banking sector, which is weighing on the market. Notable declines were observed across several sectors, particularly in food production and banking. Additionally, some companies’ shares reached their lowest levels in 52 weeks, with Kamaol leading the decline, dropping by 9.49%. Geopolitical tensions and their impact on trading activity continued to influence market movements.
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