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الاقتصادية
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TASI's gains face sustainability test
Saudi stock indices have risen for the sixth consecutive week, with the Tadawul Index reaching its highest level in nearly four months, closing at 11,232 points, up by 0.5%. Despite these ongoing gains, signs indicate that market momentum is waning, as the share of stocks in the rise has decreased and the number of advancing sectors has declined. The market is increasingly relying on large-cap stocks, particularly banks, which contributed about 1.5%, adding roughly 58 points. However, the company earnings data have not changed significantly, raising questions about the sustainability of this rise. Liquidity has not accelerated in a way that matches the price increases, and the market still requires new catalysts to sustain continued growth and regain strong momentum.
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