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TASI Index drops 0.60 percent
The Saudi Market Index "TASI" declined by 0.60% to reach 9,892.68 points amid mixed sector performances, with the majority of companies experiencing declines. The most notable was the Capital Goods sector, which fell by 2.86%. The share of Kaia Saudi Arabia led the gains with a 7.91% increase following its financial results announcement, while LODEN's share experienced the largest drop at 7.54%. The market saw total trading value of 2.36 billion Riyals, with liquidity concentrated in the Al Rajhi share, which totaled 299.8 million Riyals. LODEN's share topped the list in volume with over 18 million shares traded. Additionally, the Capital Market Authority announced surveys related to developing disclosure requirements and market activity adjustments. Some company shares hit record lows, while others experienced historic declines during the session.
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