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Source:
الوطن
Tasi Gains 55 Percent of Losses
The Saudi Stock Market Index "TASI" rose by 1.09% to close at 10,505.84 points, recovering approximately 55% of its weekly losses, which totaled 1.94%. The increase was driven by a rebound in the shares of 220 companies, while 41 companies declined. Leading stocks such as Aramco and Al Rajhi continued to support the market, despite trading volume decreasing to 2.2 billion Riyals compared to the weekly average of 3.71 billion Riyals. The market showed broader movement, but it needs to turn the 10,500-point level into a strong support, especially with the start of the third-quarter earnings season and changing expectations regarding global interest rates.
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