TASI Cites Below 10800 Levels
The Saudi Financial Market Index "TASI" declined by 0.89%, closing at 10,781.62 points amid a predominantly negative performance across most sectors, particularly media, entertainment, and long-term goods. During the session, the prices of 238 companies decreased, and most leading stocks declined as selling pressures and cautiousness persisted due to geopolitical tensions and central bank decisions, especially anticipation of a US interest rate hike. Despite rising oil prices, their impact on the market remained limited, as a cautious stance continued, with investors awaiting liquidity results and the extent of support from major sectors such as banking and energy for the index.
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