6 Hrs
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مباشر
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Tasi narrows losses amid limited liquidity
The Saudi Main Market Index, "TASI," closed on Sunday with a slight decline of 0.15%, losing 15.54 points and settling at 10,360.74 points, despite sharp fluctuations reaching 155.13 points during the session. The decline followed a sharp start that exceeded 100 points due to regional geopolitical risks, but liquidity supported the market and reduced the losses, allowing the index to approach its highest intra-day level at 10,393.73 points. Analysts confirmed that the market was able to absorb the shock and that demand for leading stocks began to return, even as liquidity decreased due to expectations about political and military developments. The market also saw selective movements, with shares like Sadaq, Extra, and Amalak rising, while media and investment stocks declined. Notably, the sectors of long-term goods and financing led significant gains, whereas other stocks hit their lowest levels of the year. There is a general trend toward announcing third-quarter results and dividends, which are expected to soon influence the market.
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