17 Hrs
Source:
الاقتصادية
Saudi stocks fall below 10,400 points
The Saudi stocks declined for the second consecutive session, with the "TASI" index falling by 1.6% to 10,376 points. Most sectors also declined, except for "Home and Personal Products." Banks had the largest impact, accounting for over 40% of the losses, particularly the shares of "Al-Rajhi" and "Al-Ahli." Although the decrease in prices was accompanied by a 52% increase in liquidity, the market has not yet entered a phase of widespread exit, as liquidity remains around its year-to-date averages. Prices are approaching equilibrium based on bond yields, with earnings expectations fluctuating—these will determine the market's future movements.
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