24 Hrs
Source:
الاقتصادية
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TASI Closes In On 10,500 Amid Slow Fund Growth
The Saudi stock market experienced a significant rise in the Tadawul index, increasing by 1.1% to reach 10,506 points, marking its highest daily gain since the end of August. Most of this increase occurred during a single session before the trading figures were announced. Although the market recorded broad price gains, trading value declined by 52% to 2.3 billion Saudi riyals, reflecting that the price movement was driven more by reduced supply and limited demand rather than high liquidity. From a valuation perspective, the market is still trading at an earnings multiple of around 15.5 times. The gap between the dividend yield and the sovereign yield remains limited, while the dividend yield is lower than the long-term government bond yield. This suggests that the rapid price increases were more about swift valuation updates rather than an actual improvement in fundamental value, and they do not reflect a significant enhancement in the attractiveness of economic stocks.
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