20 Hrs
Source:
الاقتصادية
Saudi stocks hit 7-week high on Aramco boost
Saudi stocks rose at the beginning of the week, reaching their highest level in 7 weeks. The Tadawul All Shares Index (TASI) increased by 0.9% to reach 10,920 points, supported by gains in most companies, led by Aramco. The market showed optimism despite a resilient performance amid a 23% decline in trading value compared to the previous session. Gains were seen in 173 out of 238 listed companies across various sectors, with the financial services sector leading the way, up by 2.3%. Experts expect the market to face resistance around 10,960 points, which is the 200-day moving average. The cautious trading activity has impacted liquidity, but continued gains rely on attracting larger inflows of capital later on.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)