TAASI exceeds 10,800 points driven by energy and utilities

The Saudi stocks rose for the second consecutive session, supported by gains in the energy and utilities sectors, despite pressure from banks and basic materials. The "TASI" index closed at 10,804 points, up by 0.3%, surpassing the 10,800-point level, with a trading value of 4 billion SAR, a 7% increase. Shares of 130 companies advanced, while 121 declined, reflecting a continued positive market sentiment. The industrial goods sector increased by 4.1%, driven by the Electrical Industries Company, and the energy sector was bolstered by the rise in "Aramco." Conversely, the banking sector fell by 0.3%, with "Al Rajhi" and "Al Ahli" declining, and the basic materials sector decreased by 0.5%, indicating market performance volatility.

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