10 Hrs
Source:
الاقتصادية
Source: الاقتصادية
10 Hrsالاقتصادية
Source: الاقتصادية
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Saudi stocks ended an eight-week losing streak—the longest since 1994—with the TASI rising 2.3% to 9,921 points as trading value climbed 38% to SAR 25.9 billion. The improvement coincided with a decline in the yield on 10-year government bonds to 5.59% and a 25% increase in profits, to SAR 42.9 billion, among the 69 companies that had reported third-quarter results. Another 204 companies are still due to report. Whether the recovery will continue remains uncertain. It depends on yields continuing to fall and upcoming results strengthening expectations for future earnings, rather than the gains merely making up part of the losses already incurred.
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