23 Hrs
Source:
الاقتصادية
TASI Gains on Maaden as Liquidity Hits 5 Billion
The Saudi market indicators closed today's session with a limited gain, as the TASI index finished at 10,844 points, up by 0.1%. Despite improved demand, the market remained below the 10,910-point level, which was last week's peak, indicating that profit growth alone is no longer sufficient to drive prices higher. It also reflects investors' focus on the quality and sustainability of growth. Shares of 130 companies rose, while 106 declined. Sector performance improved, with 13 sectors advancing compared to 9 that declined. However, some heavyweight stocks, such as Riyad Bank and SABIC, continued to decline, which limited the index's gains. Contributing to the positive sentiment was a 4% increase in liquidity to 5.06 billion riyals and a boost in risk appetite for small-cap stocks, with stocks like Tbewk Agricultural and Al Asmak witnessing strong rises. Nonetheless, the general index remained under pressure from heavyweights, resulting in broader gains that did not push the market to new levels.
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