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Tadawul Upward with Banking and Insurance

Tadawul Upward with Banking and Insurance

The Saudi Stock Market Index "TASI" closed slightly higher by 0.13%, reaching 10,878.46 points, supported by the banking and insurance sectors. Despite trying to stabilize after a sharp decline in the previous session, the index still faces selling pressures on leading stocks such as Aramco, Ma'aden, and SABIC. Trading activity was concentrated around important support levels between 10,800 and 10,830 points, amid ongoing tensions regarding U.S. Federal Reserve decisions that influence the market. Additionally, some stocks underperformed despite rising oil prices, which did not fully reflect on the energy sector. Expectations suggest that market stability depends on increased purchase liquidity and improved performance of key sectors, with close attention to the main support level at 10,800 points.

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