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TASI Gains as Ma'aden Leads Liquidity Rebound

TASI Gains as Ma'aden Leads Liquidity Rebound

The Saudi stocks ended today’s session with a modest gain of 0.1%. This was accompanied by a noticeable improvement in market movement, which saw 130 companies' shares rise compared to a decline in 106 companies, and an expansion in the market's gain range. Although the "TASI" index remained below the 10,910-point level, the better performance of individual stocks and sectors, along with a 4% rise in liquidity to over 5 billion Riyals, reflects an internal improvement that the index does not fully reveal. Nevertheless, the pressure from heavyweight stocks such as banks—especially "Bank Riyad" and "SABIC"—remained limited. Meanwhile, small and broader market stocks, like "Maaden" and "Mobily," contributed to further support of the performance, even though profit growth alone is no longer sufficient to push the market to new levels.

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