TASI falls 1.1% after breaching 10,500
The Saudi Stock Market "TASI" experienced a decline of 1.17% at the close of Tuesday's session, losing 123.54 points to finish at 10,455.64 points, after breaking below the key support level of 10,500 points. This led to a decline in the majority of stocks, with trades totaling 3.59 billion SAR through 200.49 million shares. Analyses highlighted that breaking the 10,500-point level is a significant technical development, as it shifts from support to resistance, requiring renewed trading above it supported by strong buying liquidity to restore confidence and improve performance. Investors are also watching the third-quarter results and regional developments, with cautious movements expected until the picture becomes clearer.
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