TASI rebounds above 10200 amid Q3 results
The Saudi stock market, "TASI," is experiencing a noticeable upward trend at the start of the week, recovering to the 10,200-point level after dropping close to 10,107 points last week. This rebound is driven by improved market sentiment and technical factors. The rally is also fueled by regional political catalysts, particularly Egypt's military support for the Kingdom against Houthi attacks, which alleviated investor fears and restored buying momentum. Experts believe that maintaining levels above 10,200 points supports the continuation of a gradual upward correction towards 10,300 and 10,400 points, provided that liquidity continues to flow and regional tensions diminish, with close attention to the performance of leading sectors.
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