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Basic materials and energy stocks outpace TASI declines
The Saudi stock market experienced a positive performance among some leading stocks in the basic materials and energy sectors, despite the "TASI" index declining by 0.26% to close at 9,926.62 points. Marnie stock saw a significant increase of 9.48%, closing at 7.85 riyals, the highest during the session, with trading valued at 1.52 million riyals. Kayan Saudi stock also rose by 6.37%, reaching 4.84 riyals, with traded volume exceeding 101 million riyals, while Arabia stock increased by 6.23%, closing at 40.58 riyals. In the energy sector, the Drees stock rose by 2.95% to 115.3 riyals, with trading worth 36.89 million riyals. These gains reflect a mixed performance among stocks on one hand and a relative investor optimism for the manufacturing and energy sectors on the other.
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