14 Hrs
Source:
الاقتصادية
TASI rises with upward forecast adjustment
The Saudi Stock Market "TASI" recorded a strong daily performance, rising by 1.3% to close at 11,115 points. This was supported by economic data showing Saudi Arabia's GDP grew by 3% year-over-year in the first quarter, exceeding the previous estimate of 2.8%. This improvement came after revisions to the growth of both oil and non-oil activities, which boosted investor sentiment and increased trading value to 7.5 billion riyals, with the average transaction value rising to about 14,000 riyals. Despite these positive developments, the market still needs further confirmation before relying on a long-term trend, especially considering the concentration of liquidity in the banking sector and the varying performance of other sectors.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)