Saudi stocks reach 10800 points with strong daily gain
The Saudi financial market experienced a notable increase, with the "TASI" index closing at 10,824 points, reflecting a gain of 1.1%. This marked the best daily performance in two months, with an approximately 118-point rise. The upward momentum was driven by widespread buying activity and a reduction in selling pressures, as the market surpassed the 10,800-point level and regained its balance after last week's declines. Shares of 217 companies rose, while 26 companies declined. Additionally, 21 out of 22 sectors saw gains, with the consumer services sector leading with over 4% growth. Five major companies, including "Aramco," contributed around 900 million riyals to the total liquidity, which reached its highest level since mid-June at 6.26 billion riyals. Trading volume increased to 336 million shares, with the number of transactions rising to 555,000, indicating a strong activity and a balance between buying and selling operations in the market.
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