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Analysts expect Saudi Arabia’s TASI index to continue rising, with targets of 10,193 points initially and then 10,497, provided it holds above support at 10,100 and liquidity continues to flow into the market. The index closed on Tuesday, November 10, up 0.66%—about 66 points—at 10,132, with trading value nearing 5 billion riyals. Analysts attributed their outlook to improving liquidity, renewed buying in blue-chip stocks—particularly banks—and companies’ continued earnings announcements. A break below the support level, however, could change the short-term outlook.
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