6 Hrs
Source:
الاقتصادية
Banks and Aramco boost Tadawul_mid-session
The Saudi Stock Market Index "TASI" regained around 0.3% of its losses by midday on Thursday, supported by rising shares of banks, Aramco, and STC, while the price of the Saudi Interbank Offered Rate (SIBOR) declined to its highest level in two months. The market performance was mixed; leading stocks such as Al-Ahli, Al-Rajhi, and Al-Riyad saw gains, and the profits of some companies, like STC, exceeded expectations, boosting the index's performance. Conversely, shares of other companies, such as Tuwaiq Cooperative and Saudi Group, faced pressure due to earnings that fell short of expectations. This reflects investors' tendency to be selective when dealing with company results during the session.
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