4 Hrs
Source:
الاقتصادية
Saudi stocks rise amid cautious liquidity
The Saudi stock market experienced its highest weekly rise in two months, closing at 11,121 points with an increase of 0.72%. Meanwhile, trading value declined by 5% to 26.2 billion riyals. The rise in the MT30 index by 1.2% was primarily driven by major companies, although the market remains below its highest levels in five weeks, with cautious and selective liquidity. The market faces challenges amid expectations of weak financial performance during the upcoming earnings season, especially with the continued high-interest rate policy and declining expectations of rate cuts.
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