23 Hrs
Source:
الاقتصادية
Saudi stocks hit one-month high despite modest gains
The Saudi stock market achieved its best weekly performance in a month, with the Tadawul All Share Index ("TASI") closing at 11,042 points, up by 0.5%. This came amid a gradual improvement in investor sentiment and expanded gains among several companies. Despite the limited rise in the index, the performance reflects the market's return to some balance after a period of fluctuation, with investors leaning toward mid-cap companies with stable operational activities. Additionally, trading facilitation weakened during the last quarter. The market remains dependent on the outcomes of the U.S. Federal Reserve's meeting and the potential impact on monetary policies.
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