Leadership pressure limits TASI despite liquidity
The Saudi stock market experienced partial stability, with the general index decreasing slightly by 4 points to reach 11,072 points, despite a 24% rise in trading value to 3.47 billion riyals. The decline in the performance of leading companies weighed down the index, while sector performance varied, with the retail sector rising by 1.40% and the healthcare sector falling by 1.57%. The market continues to favor companies with price-to-earnings ratios below 20, while the index remains consolidated above the 200-day moving average.
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