63 Days
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معلومات مباشر
Source: معلومات مباشر
63 Daysمعلومات مباشر
Source: معلومات مباشر
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During Tuesday's session, the Saudi stock market saw a mixed performance, with oil prices nearing $100 per barrel and the Tadawul Index ("TASI") edging up slightly towards 11,030 points. This divergence is due to the fact that the impact of rising oil prices does not depend solely on the price level but also on the reasons behind the increase—such as geopolitical risks—which boost energy stocks and Saudi Aramco. However, with increased risk premiums and a reduced investor appetite, the overall effect is muted. Additionally, the rise does not positively affect all sectors equally; higher costs can squeeze profit margins in petrochemicals, and banks did not provide enough support to the index. From a technical standpoint, "TASI" maintains a support level around 11,000 points and needs to break through 11,050 and 11,100 with strong liquidity to confirm an upward trend. The participation of banking and basic materials stocks, along with improved liquidity, is crucial to support the market comprehensively.
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