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Closing bell: TASI drops 24.18 points despite rally in healthcare sector

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped 24.18 points, or 0.22 percent, to close at 11,206.02 on Tuesday as 111 of the 224 stocks rose, while 95 declined. Stocks listed on the Pharma, Biotech, & Life Science index soared the most, with a 9.28 percent climb, while the stocks of the Energy and the Telecommunication sectors fell 1.96 and 1 percent, respectively. ....

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TASI recovers after seven straight session losses, closes 101 points higher

RIYADH: Saudi Arabia’s Tadawul All Share Index on Tuesday made a massive comeback by gaining 101.52 points or 1 percent to close at 10,051.78, breaking the streak of losses that lasted seven sessions. While MSCI Tadawul 30 Index increased 0.66 percent to 1,371.82, the parallel market Nomu rose 0.79 percent to 18,967.99. TASI’s total trading turnover of the benchmark index ....

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Here's what you need to know before Tadawul trading on Monday

RIYADH: Saudi stocks bucked a regional trend to start the week higher on Sunday, mirroring oil market gains ahead of Monday’s meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+. The Tadawul All Share Index edged up 0.4 percent to finish at 12,194, while the parallel Nomu market jumped 1.5 percent to 21,640. Apart from Saudi Arabia, ....

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Here's what you need to know before Tadawul trading on Tuesday

RIYADH: Saudi Arabia’s main stock index struggled to regain momentum on Monday. Despite ending in green, it remained at one of its lowest levels since January. This was in response to aggressive interest rate hikes around the globe, leading to investors worrying about a potential recession. At the closing bell, TASI, as the main index is known, added 0.55 percent to 11,361, ....

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