TASI Dips 0.86% at Open
The Saudi Stock Market Index "TASI" declined by 0.86% at the start of trading, losing 87.03 points to reach 10,036.59 points, amid mostly selling pressures. The decline was driven by decreases in the utilities, applications and technology services, telecommunications, and basic materials sectors, while the home products and energy sectors experienced the smallest declines. The top performing stocks were National Iron and Steel with a 7.93% increase and Industries with a 2.15% rise, whereas Reaadan led the declines with a 3.93% drop. Albilad stock hit its lowest point in 52 weeks at 21.54 riyals, while others like Amalak, Nasaq, and Sinary Holding saw record-low price levels.
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