Saudi stocks hit 10,800 points in best two-month rally

The Saudi Stock Market "TASI" experienced a strong rise during today's session, supported by increased liquidity and several companies surpassing profit expectations. This led to the index climbing by 1.1%, closing at 10,824 points — its best daily performance in two months. Shares of 217 companies rose, while 26 declined. Most sectors advanced, especially the Consumer Services sector, which gained over 4%. Trading value also hit its highest level since mid-June, reaching 6.26 billion riyals, with trading volume increasing by 90%. This performance paved the way for renewed confidence in the market, with active buying trends in large, medium, and small-cap stocks. Moreover, many companies reported earnings surpassing expectations, reflecting a broad recovery in the Saudi stock market.

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