6 Hrs
Source:
الاقتصادية
Tasi falls again amid fixed income pressure
The Saudi stock market continues its decline, with the Tadawul Index dropping by 1.2% to close at 10,456 points. A total of 220 companies declined, while 26 advanced, and the remaining companies remained stable. This trend is attributed to pressures from the fixed income market and rising long-term bond yields. Additionally, higher financing costs and the SIBOR rate have exerted a double impact on companies. Trading values increased to 3.6 billion riyals, but this remains below the year's average, indicating more selling activity than buying. However, this has not translated into a noticeable improvement in valuations or market attractiveness.
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