24 Hrs
Source:
الاقتصادية
TASI reversal highlights internal pressures and SAIBOR effects
The Saudi Stock Market Index "TASI" rebounded after a decline and a volatile session, supported by rising banking, telecom, and energy stocks, especially led by shares of "Riyad," "Al-Ahli," and "Aramco." The improvement came amidst a decrease in market liquidity and a limited broad-based rise, as most stocks closed lower, indicating that the recovery was limited and concentrated mainly in the leading stocks that temporarily supported the index. Additionally, "SIBOR" rates declined following the Federal Reserve's decision to keep interest rates unchanged, which helped ease concerns about rising liquidity costs. However, the market remains cautious and continues to reflect ongoing risks related to monetary policy fluctuations and corporate earnings results. The overall trend has not changed entirely; the market remains sensitive to interest rate developments and earnings reports, with ongoing monitoring of liquidity and financial outlooks.
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