Saudi stocks rise 0.24% on Wednesday

The Saudi Stock Market "TASI" saw a 0.24% increase on Wednesday’s session, supported by gains in the pharmaceuticals and banking sectors. The market index rose to 10,724.73 points, with trading valued at 517.35 million Riyals across 24.55 million shares. The pharmaceuticals sector led the gains with a 1.29% increase, driven by positive financial results and dividend distributions, while the banking sector rose by 0.56%. Among the stocks, Nadec's share increased by 5.11%, Al Jazira Bank rose by 3.07%, whereas the most notable decline was by Middle East Pipes, down 7.51%. Additionally, financial results for several companies were announced, and the session experienced the highest trading volume driven by Saudi National Bank shares.

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