16 Days
Source:
الاقتصادية
Saudi stocks fall second month in a row
The Saudi stock market experienced its second consecutive month of decline, with the index closing at 11,078 points, down approximately 1%. This is lower than April’s decline of 0.6%. Nonetheless, May's losses were smaller than the historical average of -1.4%. Stock prices increased noticeably during the first session after the holiday, while the overall yearly performance remains positive at 5.6%. The first-quarter results showed an improvement in company profits, especially in the energy and transportation sectors, despite a slowdown in bank earnings growth. The price-to-earnings ratio remains close to its natural limit, even though it has decreased from previous averages.
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