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Tadawul closes up 0.82% on Sunday
The Saudi Stock Market Index (TASI) closed on Sunday with a gain of 0.82%, reaching 10,189.77 points. This positive performance was supported by the media and energy sectors, amid active liquidity flows totaling around two billion riyals. The rebound is attributed to a decrease in geopolitical risks following an official Egyptian military intervention to protect the kingdom from Houthi threats. It coincided with major stocks, such as the Saudi Group, reaching their lowest levels in six months, which led to the formation of new buying positions. Analysts expect that staying above 10,200 points could open the way for targeting higher levels, provided that liquidity continues and leading sectors maintain support. Conversely, falling below 10,100 points could exert downward pressure on the market.
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