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Saudi Market Logistics and Insurance Decline
The Saudi Stock Market (TASI) experienced a decline of 0.45%, closing at 10,542.23 points, with notable decreases in sectors such as logistics, insurance, and petrochemicals. The biggest drops were in the shares of Saudi Ground Services, which fell by 4.98%, and Amani Cooperative Insurance Company, which decreased by 4.78%. This decline was driven by selling pressures, profit-taking, and fluctuations in global raw material prices, all of which impacted companies' profit margins.
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