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الاقتصادية
Tasi pauses as yields create window before Fed
The Saudi stocks closed today with a slight stability of 0.02%, ending the session at 10,780 points. This came amid a decline in the yield of 10-year Saudi sukuk to 5.75%, which helped ease some pressure on the market. However, there was no widespread buying wave, as 145 securities declined while 112 advanced, reflecting limited risk appetite due to the ongoing anticipation of the U.S. Federal Reserve's decision. This situation is explained by the market's positioning within narrow ranges, with yields continuing to fluctuate and valuations being directly affected, as the expected price-to-earnings ratio for the TASI is 14.3 times, with a dividend yield of 7%. Leading stocks in the energy and metals sectors played a role in achieving temporary balance, while the market remains cautious, awaiting more clarity on the future of interest rates and corporate earnings results.
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