22 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
22 Hrsالاقتصادية
Source: الاقتصادية
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Saudi stocks ended their longest weekly losing streak since 1994, with the TASI rising 2.3% after eight weeks of declines to close at 9,921 points. Trading value also climbed 38% to SAR25.9 billion. The recovery coincided with a drop in the yield on 10-year government bonds to 5.59%, and a 25% increase in combined profits to SAR42.9 billion among the 69 companies that reported third-quarter results. Another 204 companies have yet to announce their results. But it is not yet clear whether the rally will continue. That will depend on yields continuing to fall and upcoming results strengthening expectations for future earnings enough to support share prices.
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