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TASI loses 0.91% at Wednesday's close on geopolitical risks

TASI loses 0.91% at Wednesday's close on geopolitical risks
The benchmark index of the Saudi exchange lost 74.86 points today

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s trading session in decline, on the back of a positive performance by most market sector due to rising geopolitical tensions across the region.

The Tadawul All Share Index (TASI) lost 0.91% or 74.86 points and closed at 8,124.11 points.

Traded volumes increased to 160.903 million shares, up from 143.52 million shares yesterday, while traded values exceeded SAR 4 billion, compared with SAR 3.7 billion on Tuesday.

The number of transactions amounted to 173,651.

Saudi Aramco was the most actively traded stock, with 18.306 million shares and a turnover of SAR 624.262 million.

TASI was able to maintain the support level at 8,080 points, which shows resilience in the face of rising tensions, according to economic analyst Saad Al Thaqfaan.

Al Thaqfaan told Mubasher that with anticipation towards many cash dividends distributions, the market still awaits the most recent developments.

Materials and banks lost 1.18% and 0.99%, while the energy sector retreated by 0.62%.

Sharqiya Development topped the 171 declining stocks, while Saudi Ceramics came on top of 20 gainers.

Meanwhile, the Nomu-Parallel Market added 1.65% and ended the session at 6,427.86 points.