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TASI closes slightly lower amid caution
The Saudi Stock Market Index (TASI) declined slightly by 0.02%, closing at 10,777.94 points, amid cautious and limited fluctuations in performance. Investors are awaiting the Saudi Central Bank’s decision to raise the repo rate and reaffirm market policies amid global and domestic geopolitical events. This comes alongside declines in major sectors such as banking and energy, while the pharmaceuticals sector rose by 5.66%, led by pharmaceutical stocks and Jamoom Pharma. Several company shares increased by over 3%, with some stocks reaching new historic lows. Currently, the market is experiencing calm movements, with ongoing geopolitical tensions affecting liquidity appetite and technical performance, while the 10,800-point level remains a key horizon for future direction.
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