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TASI rebounds above 10200 on Q3 results
The Saudi Stock Exchange "TASI" experienced a bullish rebound at the beginning of the week, as the market index regained levels above 10,200 points after last week's decline near 10,107 points. Political factors and positive geopolitical developments, particularly Egypt's military support to the Kingdom against Houthi attacks, helped boost confidence and encourage investors to purchase shares, especially in light of the third-quarter earnings results and the decline of leading stocks such as "Saudi Group" to the lowest levels in six months. Experts believe that maintaining a level above 10,200 points will support continued upward movement toward 10,300 and 10,400 points, with progress likely to halt unless political stability is maintained and cash liquidity flows increase. The market is expected to continue improving, provided regional tensions remain subdued and liquidity increases, with key support levels around 10,100 and 10,000 points in focus.
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