1 Day
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الاقتصادية
TASI's fastest 6-week rise driven by banks
The Saudi stocks rose at their fastest pace in six weeks, with most companies, especially banks, boosting the market's performance. The TASI index closed at 10,775 points, up 0.7%. The increase was driven by an improvement in market breadth, as 160 companies advanced compared to 95 in the previous session. Additionally, 13 sectors saw gains while 8 sectors declined. Despite this, trading value decreased by 12% to 3.9 billion riyals. This performance reflects ongoing strong demand and market improvement, with the potential for further gains bringing the index close to 10,850 points.
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