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Saudi Stock Index Closes Lower with Significant Declines

Riyadh: The Saudi main stock index closed lower on Tuesday, dropping by 61.41 points to end at 10,823.91 points, with a total trading value of 4.4 billion riyals. This decline marks a challenging day for investors in the region's largest economy.

According to Qatar News Agency, a total of 302 million shares were traded, with 52 companies recording gains and 199 companies closing in decline. The trading activity reflects a broader trend of instability in the market as investors grapple with ongoing economic uncertainties.

The parallel market index (Nomu) also experienced a downturn, falling by 55.39 points to close at 26,725.89 points. The trading values in this segment amounted to 16 million riyals, with over one million shares exchanged. The performance of the Nomu index further highlights the cautious sentiment among traders and the challenges faced by smaller and emerging companies in the Saudi market.