1 Day
Source:
الاقتصادية
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Saudi stocks rise but stay below 10960
The Saudi stocks experienced a limited increase despite support from some large-cap stocks, with the "TASI" index rising by 0.1% to reach 10,926 points, driven by contributions from Saudi Aramco and BSF. However, the overall performance does not reflect strong momentum, as the majority of stocks remained in decline, and there was a 24% drop in liquidity to 3.72 billion riyals, along with decreases in the number of transactions and traded volumes. The attempt by the market to surpass the 10,960-point level failed, as the index stayed below the 200-day moving average, indicating weak momentum and ongoing challenges in pushing the market to achieve greater gains.
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