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TASI drops 0.45% amid sector declines
The Saudi "TASI" Index ended today’s session down by 0.45%, closing at 10,542.23 points. The decline was influenced by the drop in most major sectors amid a cautious atmosphere due to geopolitical tensions, despite oil prices exceeding $100 per barrel. Market participants are awaiting company earnings reports for the third quarter and dividend distributions. Trading remained limited, with a total value of approximately 2.9 billion riyals. Most stock prices declined, although some sectors such as long-term commodities and energy experienced gains. Analysts expect that market stability will depend on liquidity and geopolitical developments, with a likely continuation of sideways movement as investors wait for clear signals to drive further growth.
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