Saudi market opens with 0.77% rise

The Saudi Financial Market Index "TASI" started the week’s trading higher by 0.77% (82.94 points), reaching 10,906.54 points. This rise was supported by gains in 235 companies, while 26 companies saw declines. The Long-Term Goods sector led the gains with an increase of 1.64%, followed by the Consumer Services sector with a rise of 1.61%. Among the most increased stocks were Nasij, up by 8.20%, and Tadawul Group, up by 3.71%. The City Cement share hit its lowest level in 52 weeks at 10.08 riyals, while Al Rajhi’s stock soared to a trading value of 131.33 million riyals during high-value transactions. A financing agreement worth 400 million riyals was signed with the Saudi Industrial Development Fund to finance a new project through Qassim Cement Company. Meanwhile, other stocks experienced fluctuations, but generally maintained positive trends.

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