10 Hrs
Source:
الاقتصادية
Company Results Signal Saudi Market Move Toward 11,000
The results and reports from the Saudi Financial Market indicate that the Saudi stocks are preparing to test the 11,000-point level, as the Tadawul Index approaches this target after a strong weekly gain of 2.1%. This rise has been supported by renewed activity, increased liquidity, and a rebound in most sectors. However, reaching this level depends on the companies' performance in the second quarter, where strong results could lead to further gains, while weaker-than-expected outcomes might pressure the market and trigger correction waves. Investors' reactions to earnings reports will remain the decisive factor between sustaining the upward trend and a market decline, with close attention to support and resistance levels—especially the 10,800-point mark—to gauge the continuity of the improvement.
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