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TASI Index Gains 0.27 Percent Midday
The report indicated that the Saudi "TASI" Index rose by 0.27%, reaching 10,312.23 points in the middle of today's trading sessions. This increase was supported by the retail and real estate sectors, with their stocks recording gains of 3.59% and 0.84%, respectively. Conversely, shares in the technology and materials sectors declined by 0.89% and 0.29%. The session saw notable rises in the shares of certain companies, such as National Poultry, which surged by 9.99%, and Jarir, which increased by 5.68% following their earnings results. Meanwhile, some stocks, like Tanmeya, fell by 4.68%. The market also recorded new historical price levels, with Al Rajhi Bank leading trading volumes at 123.35 million riyals, alongside a record trading volume in National Steel shares. Several deals and disclosures were announced, including the awarding of contracts and merger and acquisition expenses, reflecting the strength of some sectors and volatility in others.
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