20 Hrs
Source:
الاقتصادية
Taasi exceeds 11100 points amid steady participation
The Saudi stocks rose for the second consecutive session, with the "TASI" index closing at 11,104 points, up 0.6%. This was despite a 13% decline in trading value to 4.2 billion riyals. The market was supported by the performance of the banking and basic materials sectors, with "Maaden" performing particularly well, rising by 5.2%. Meanwhile, the energy sector was affected by a 1.1% drop in "Aramco." Additionally, liquidity movements showed changes within different valuation segments, with the share of stocks trading at a price-to-earnings ratio above 25 times increasing to 24%.
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