TASI drops again amid fixed income pressure

The Saudi financial market "TASI" declined by 1.2%, closing at 10,456 points, with 220 companies decreasing, 26 companies rising, and the rest remaining stable. This came amid pressures from the fixed income market and rising bond yields, which reduced the attractiveness of valuations despite trading liquidity increasing to 3.6 billion riyals. Leading stocks, such as Aramco, continued to decline, exerting a significant negative impact on the index. The market faces challenges from rising financing costs and its relatively weaker appeal compared to bond yields.

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