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TASI Index Drops 0.32 Percent
The Saudi Stock Market Index (TASI) closed Thursday's session down by 0.32%, losing approximately 32 points to reach 10,106.54 points, amid prevailing selling pressures and increasing caution among traders. The losses were concentrated in 11 sectors, most notably the Capital Goods sector, which declined by 2.62%, as well as the Utilities sector, with a decline in stock performance amid lower liquidity and decreased trading values. Some stocks also experienced sharp decreases, most notably the Paper Industry, which fell by 6.74%. At the same time, the market saw gains in sectors such as Transport, Pharmaceuticals, and Banking. Trading activity was mainly focused on Al Rajhi and Aramco, with some stocks, like Tadawul, reaching new record levels. The market is still searching for a new bottom, with expectations of further geopolitical tensions that could impact performance.
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