22 Hrs
Source:
الاقتصادية
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TASI's longest streak in 23 months slows
The Saudi stocks extended their winning streak to seven sessions, the longest run since September 2024, but momentum slowed as daily gains faded and selling pressures increased. The Tadawul index closed up by 0.3% at 11,260 points, despite declining to the session's lowest point before reversing course and returning to positive territory, indicating growing resistance to further upward movement. Trading value decreased by 6.4% to 5.71 billion riyals, although stock volume fluctuated slightly, reflecting continued activity rather than traders withdrawing. The market remains diverse with broad participation across companies and sectors, especially in banking and telecommunications, despite a decline in the energy sector led by Aramco, which dropped 0.7%. The current movement requires stronger buying flows or new fundamental data to support continued gains.
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