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الاقتصادية
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Saudi market P/E hits 3-year low
Saudi stock market reports indicate that the price-to-earnings ratio has decreased to 15.7 times, the lowest level in three years, driven by improved corporate profits which reached approximately 166.9 billion Riyals, reflecting a 39% annual growth. This earnings growth has led to a reduction in valuations despite the continued rise of the Tadawul All Share Index, which closed at 10,888 points—a 0.3% increase. The support for ongoing gains comes from corporate results and strong profits, especially since profit growth is expanding at a faster pace than rising prices, amid a slowdown in liquidity following an active trading session.
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