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Tadawul Index Gains 1.09 Percent
The main market index, TASI, rose by 1.09% to close at 10,505.84 points, supported by a majority of advancing stocks and trading valued at approximately 2.26 billion riyals. This positive momentum comes amid improved investor appetite following a wave of decline. The market is focusing on companies’ third-quarter results, the impact of liquidity, and better external conditions. Sectors such as food and basic materials performed well, with notable gains in stocks like Rayan and Abu Moati, while shares like Care and Louprif declined. Maintaining the 10,500-point level and continued liquidity inflows are crucial factors for sustaining the upward trend in the market.
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