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TASI index recovers losses with support levels identified
The Saudi Stock Market Index ("TASI") closed today's trading on Monday with a modest decline of 0.25%, ending at 10,479.78 points after managing to reduce its losses at the end of the session. The market saw 164 companies' shares rise, compared to a decline in 94 companies out of a total of 258 listed companies, with a trading volume of 3.6 billion riyals across 182.25 million shares. Analyses indicate that the market was able to absorb geopolitical shocks, especially as oil supplies remained stable. It is expected that the main support level will stay at 10,500 points, with the possibility of the market regaining higher levels if liquidity and confidence in the local economy continue to improve, particularly following the rise of the Purchasing Managers' Index to 55.3 points in September.
Notice: This Is an AI-Generated Summary
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