1 Day
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الاقتصادية
TASI ends longest drop in 9 months
The Saudi Stock Exchange "TASI" broke its longest losing streak in nine months, closing at 10,800 points with a slight increase of 0.1%, after experiencing its lowest decline of 1.1% in the previous session. The positive momentum was supported by a 25% increase in liquidity, reaching 5.5 billion riyals, along with strong performances from certain sectors such as long-term goods, utilities, and consumer services. However, some leading stocks continued to hinder the overall upward movement. The internal picture of the market remains incomplete, as most companies closed below their 200-day moving average, despite the market gaining momentum from activity in small-cap stocks and improved liquidity.
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