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Tadawul drops 0.56% at midday
The "TASI" index in the Saudi market showed a decline of 0.56% during the mid-session, influenced by pressures from the utilities and real estate sectors, with the market's trading volume exceeding 1.56 billion riyals. Stock movements were mixed, with some companies experiencing notable gains such as Riyada and 'Inaya,' while others like Mada'in Al-Ma'arif and Armuh witnessed sharp declines. The changes primarily focused on sector performance, with transport, media, and retail sectors posting gains, whereas the home products and utilities real estate sectors were negatively affected. Al-Rajhi's stock led in terms of liquidity, while some stocks reached lower levels for the year, amid regulatory announcements, disclosures about maintenance operations, and market developments.
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