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TASI Overcomes Challenges to Cut Losses
The main Saudi stock index (TASI) closed Sunday's session with a slight decline of 0.15%, losing 15.54 points to settle at 10,360.74 points, despite sharp fluctuations within a range of 155 points. The market was influenced by regional geopolitical risks, but defensive liquidity helped reduce losses and enabled the index to close near its highest daily levels. Despite the tensions, the market managed to absorb the shock and stabilize, supported by oil prices remaining above important levels, continued institutional demand for leading and safe stocks, improved performance in some sectors and stocks, as well as companies announcing solid results and dividend distributions.
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