_1777294237270_124456903.png&w=64&q=75){kind=small}
Tadawul down amid pharma and energy gains
The Saudi "TASI" Index declined by 0.74%, closing at 10,284 points due to the deterioration in performance across many sectors, especially banking and commercial services. However, the pharmaceuticals and energy sectors managed to rise by 0.39% and 0.24%, respectively, while the media and entertainment sector recorded the largest decline of 2.09%. The main reasons for the downturn include geopolitical pressures, a decline in foreign ownership, and low liquidity, with expectations that the index could recover if political stability is restored and liquidity increases supported by government interest and sovereign funds. A key support level remains at 10,300 points, which is important to maintaining the index's stability, with preparations in place for a potential rebound if the political situation stabilizes.
Notice: This Is an AI-Generated Summary
Comments (0)