Saudi stocks climb but stay below 10,960

Saudi stocks rose for the second consecutive session, supported by market leaders such as Aramco and B.S.F. However, market performance remained weak as liquidity continued to decline by 24%, reaching 3.72 billion SAR. Although the TASI index reached 10,943 points, it stayed about 17 points below the 200-day moving average, reflecting weak demand and investors' cautious attitude as the market approaches the resistance level of 10,960 points. Ongoing declines in liquidity and the decrease in the number of rising companies indicate that the market is suffering from a lack of momentum and is not achieving stability above the key resistance level.

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