49 Days
Source:
الاقتصادية
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Source: الاقتصادية
49 Daysالاقتصادية
Source: الاقتصادية
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The Saudi stocks closed at the 11,000-point level, with a limited decline in the "TASI" index of 0.1%, despite weak internal market performance, which saw 169 companies decline compared to 87 companies that rose. Liquidity increased by 7% to approximately 4.2 billion Riyals. The session highlighted a shift in focus toward the insurance sector, whose index jumped by 3.1% driven by the announcement of the establishment of the Saudi Risk Insurance Fund for war-related risks to goods and ships. This caused the sector's share of trading to rise to 13%, with trades exceeding 562 million Riyals, supported by companies such as "Saudi Re" and "Tawuniya." It is noteworthy that the purpose of this fund is to enhance the bargaining power of the local market to confront war risks and support the continuity of trade. However, the impact of participation and upcoming disclosures on stock performance remains uncertain at this time.
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