5 Hrs
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TASI Closes Tuesday with Sharp Drop
The Saudi Market Index "TASI" closed today's transactions with a decline of 1.69%, recording a decrease of 171.56 points to close at 9,952.06 points. This was amidst a broad-selling wave that affected most stocks and sectors. The decline coincided with many companies announcing their financial results for the first nine months of 2026. The index opened at 10,112.5 points, reaching a high of 10,115.72 points before falling and dropping to a low of 9,940.53 points. All market sectors logged losses, led by the Media and Entertainment sector which declined by 4.29%, followed by the Real Estate Development and Management sector with a 3.90% decrease. On the stock level, Tihama's stock led the declines with an 8.29% drop, while 'Azem' stock recorded a 3.86% increase. The session saw reactions to the companies' financial results, most notably the decline in 'SABIC Agricultural Nutrients' and 'Yamama Cement' stocks, along with decreased trading volume and value. Several stocks traded at lower price levels compared to throughout the year, as the overall market performance deteriorated, although some stocks maintained stability following their earnings announcements.
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