Aramco advances on TASI amid rising peers
Saudi Arabian stocks experienced a slight decline despite most companies posting gains. The index closed at 11,096 points, down by 0.1%, mainly due to pressure from Aramco, which masked the rise in other stocks. The market remains above the 200-day moving average but has not surpassed the 11,080-point level, leaving room for a potential decline as investors await the Federal Reserve meeting and corporate earnings announcements. The transportation sector led the gains with a 3.4% increase, while the insurance sector fell by 1.5%. Banks had the highest trading activity among sectors, with a value approaching 1.5 billion riyals.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)