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TASI drops 1.08% at week's end
The Saudi Market Index "TASI" declined by 1.08% at the start of Thursday's session, losing 106.73 points to reach 9,819.89 points amid selling pressures on most stocks. The Capital Goods sector was the most affected, decreasing by 3.44%, with declines in stocks such as "Electrical Industries" by 8.96% and "Eastern Pipes" by 7.96%, putting pressure on the market, while "AlKuthary" recorded the highest increase of 7.48%. Some stocks, like "AlAhli," hit record lows at 35.8 riyals, and active trading was observed in major companies such as "Al Rajhi Bank" and "Aramco." Several companies announced upgrades and new financial forecasts, amid ongoing market tensions and investor focus on financial statements and credit ratings.
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