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الاقتصادية
Taasi Gains Support Following Ownership Rule Approval
The Saudi stock market rose during today's session, supported by real estate stocks, following the Cabinet's approval of the executive regulations for the non-Saudis property ownership system. This had a positive impact on the market, especially on real estate shares. The TASI index increased by approximately 0.3%, reaching 11,064 points, while trading volumes amounted to about one billion Riyals in the first hour of the session. Real estate stocks also saw noticeable gains, particularly Mesar Company, whose share jumped by 10%, along with Ritaj, Madinah Knowledge Economic City, and others. This signals expectations of increased attractiveness for real estate assets following the regulation of foreign ownership transactions.
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