Insurance stocks lead disclosures amid TASI steady at 11,000
To avoid leaving unanswered questions, the article clarifies that the Saudi stock market remained near the 11,000-point level, despite its limited decline. This stability occurred amid significant activity in the insurance sector following the decision to establish the Saudi Risk Pool for insuring war risks on goods and ships. As a result, trading in the insurance sector saw a substantial increase, with trading value rising by 271%. The company "Saudi Re" led the gains after being appointed as the leader of the pool, amid expectations that other companies will participate in the future. Despite the rise in liquidity, the market remained weak, and prospects for widespread participation remain uncertain, with a discrepancy between the announced data and future expectations.
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