49 Days
Source:
الاقتصادية
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Source: الاقتصادية
49 Daysالاقتصادية
Source: الاقتصادية
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The Saudi stock market experienced a significant decline for the largest dip in over five months, with the Tadawul All Share Index (TASI) falling by 1.3% to close at 10,865 points. The pressures persisted due to rising returns on investment instruments and lowered profit growth expectations. The losses were primarily concentrated in the energy and banking sectors, including Saudi Aramco. Selling activity expanded widely, affecting 82% of listed companies. Despite the decline, the market did not see a strong increase in liquidity, as trading values decreased by 7.7% to approximately 3.83 billion riyals, while the volume of shares traded rose by 3.5%. Indicators suggest the market remains influenced by rising yields and changing interest rate expectations. The upcoming sessions will be crucial in determining whether this decline is temporary or the start of a broader phase of revaluation.
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