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TASI index up 1.09 percent
The Saudi Stock Market Index, "TASI," closed on Sunday with an increase of 1.09%, equivalent to 112.87 points, settling at 10,505.84 points after reclaiming the 10,500 level from the 10,400 range. Amid rising demand for stocks, shares of 220 companies went up, while 41 companies declined. Trading value amounted to approximately 2.26 billion riyals. Analysts believe that increased liquidity and consecutive positive sessions, along with third-quarter earnings results, will support the continuation of the positive trend—especially as performance is monitored in sectors such as food and basic materials. Notably, stocks showing significant gains include Readen, which rose by 9.97%, and Tadawul Group, which increased by 4.86%, with a focus on how corporate earnings results will influence the market's trajectory in the coming period.
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