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الاقتصادية
Banks and Aramco boost Tadawul midday
The Saudi market index "TASI" regained part of its losses during mid-session on Thursday, supported by gains in banking shares and leading market players such as "Aramco" and "STC," despite mixed reactions to corporate earnings results. The index rose by 0.3% to approach 10,577 points, with trading volume exceeding two billion riyals. The strongest support came from shares of "Al-Ahli," "Al-Rajhi," and "Al-Riyad." "STC" posted profits that surpassed analyst expectations, boosting the telecommunications sector, while results from "Al-Dawiya" and "The Fourth Mills" exceeded forecasts. Conversely, shares of companies like "Cooperative" and "Saudi Group" declined following earnings that were below expectations. The session's gains were primarily concentrated in the leading stocks, while the performance of other companies remained mixed. The session coincided with dividend incentives for shareholders of companies such as "Nqei" and "Bank Albilad," as market performance and reactions to corporate results continued to vary.
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