1 Day
Source:
الاقتصادية
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Tasi Shows Indicator-Stock Divergence
The Saudi Stock Index "TASI" recorded its best weekly performance in three months, rising by 0.8% to close at 10,804 points, recovering approximately 95% of its previous losses. Despite this, the stocks of 192 companies declined, while 73 companies advanced and the rest remained stable, revealing a disconnect between the movement of the overall index and the broader market performance. The banking, basic industries, and energy sectors led liquidity levels, accounting for about 51% of weekly trading. This, coupled with selective performance driven by the size of surprises and profit quality—especially amid rising bond yields and the absence of full financial results from companies—keeps caution in place and threatens the sustainability of the gains.
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