TASI increases slightly amid market swings
The Saudi stocks closed their last session with a limited performance, as the Tadawul All Share Index (TASI) rose by 0.1%, closing at 11,121 points. The market experienced mixed performances among individual stocks, with trading values increasing by 54% to reach 6.54 billion riyals. This came after the U.S. Federal Reserve’s decision to raise interest rates, with focus on leading stocks and sectors such as transportation, consumer services, and pharmaceuticals. Meanwhile, some major companies like Aramco and SABIC saw declines. Despite the weekly performance showing some improvement, most companies remain below their long-term averages, and the market continues to be dominated by speculation and short-term trading.
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