Saudi stocks retreat after gains
The Saudi stock market, "TASI," declined by 0.2%, closing at 11,016 points. Despite active trading that saw its value rise to approximately 3.9 billion riyals, 158 stocks decreased while 89 gained. The banking sector was the most affected, dropping around 0.6%, especially with "Al Rajhi" falling by 0.9% and "Al Ahli" by 1.7%. Nevertheless, the increased liquidity and growing number of transactions indicate mounting selling pressure. Market valuations remain relatively high, but the overall performance reflects expected volatility, driven by a mix of internal and external factors.
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