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الاقتصادية
Saudi stocks decline amid liquidity recovery
The Saudi Financial Market "TASI" closed on Monday without a clear response to increased liquidity, as the index declined by 0.11% to 10,908 points. Despite trading volume rising to 4.33 billion riyals, the session saw a return of trading activity with more liquidity, but prices did not rise significantly, indicating a lack of strong buying interest. Resistance emerged around the 10,960-point level, which is an important technical barrier, as sell offers appeared when the market attempted to breach higher levels. Currently, the market is focused on the ability to sustain demand and trading volumes on stocks that exceed the 200-day moving average, while investors await developments in corporate earnings expectations for the second half of the year to boost valuations and reduce the gap between prices and actual company performance.
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