21 Hrs
Source:
الاقتصادية
TASI gains at weekly high despite declines
The Saudi stocks, "TASI," rose at the fastest daily pace in a week, closing at 10,973 points with a 0.4% increase. The rally was mainly driven by the banking and energy sectors. However, the market still shows signs of broad weakness, as most stocks remained below their 200-day moving average, and many companies declined to their lowest levels of the year. This indicates that the recovery is concentrated only in leading stocks.
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