17 Hrs
Source:
الاقتصادية
TASI drops with lowest liquidity in 6 months
The Saudi stock market declined by 0.4%, closing at 11,076 points, with a sharp drop in liquidity, which reached 2.79 billion Riyals—the lowest level since January. Market pressure increased as most companies declined, especially those with higher price-to-earnings ratios. Companies with P/E ratios below 15 accounted for 26% of the liquidity and showed positive performance, while companies with ratios above 25 experienced greater pressure, representing 17% of the liquidity. The market is awaiting second-quarter results amid expectations of a continued tightening monetary environment.
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