19 Hrs
Source:
الاقتصادية
Tasi Starts Week Cautiously
The Saudi stock market began the week with caution, as the Tadawul index maintained levels above 10,800 points and closed at 10,817 points, a slight increase of 0.1%. However, this session did not reflect enough strength to sustain the upward momentum, as the index reached a high of 10,860 points before retreating, amid declining performance in many stocks and gains in others, led by major companies such as Aramco, Maaden, and SABIC, which helped support the overall performance. Meanwhile, pressures were concentrated in the media and entertainment, utilities, and tech application sectors due to financial results below expectations. Liquidity also declined significantly, dropping by 43% compared to the previous session, with most trading focused on leading stocks like Al-Rajhi and Aramco. Ongoing expectations regarding company earnings continue to influence market movements, as company performances aligned with or diverged from analyst forecasts, resulting in mixed reactions.
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