24 Hrs
Source:
الاقتصادية
_1777294237270_124456903.png&w=64&q=75){kind=small}
TAQI falls for fourth session despite Aramco rise
Saudi stocks continue their decline for the fourth consecutive week, with the "TASI" index falling by 0.5% to close at 10,393 points, despite a 0.2% increase in the share price of Saudi Aramco. Sector performance varies, with pressures concentrated on shares of Al-Ahli and Al-Rajhi, while liquidity rose to 4.7 billion riyals, up 10%. However, demand was not sufficient to push prices higher. The decline is attributed to a market reassessment due to increased cost of capital, with the price-to-earnings ratio decreasing to around 15.5 times, and dividend yields rising to 3.9%. Meanwhile, the gap between earnings yields, bonds, and government bills has narrowed, limiting the attractiveness of stocks compared to lower-risk assets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)