8 Hrs
Source:
الاقتصادية
Saudi TASI falls below 10,000
The Saudi Stock Market Index (TASI) fell below the 10,000-point level for the first time since 2023, influenced by pressures on leading stocks that pushed the index to its lowest level in over three and a half years. This decline comes amid anticipation of third-quarter earnings reports and their impact on the overall market performance. The session experienced mixed stock performance, with some small and medium-sized companies recording gains, while some large caps such as Al Rajhi Bank and the Saudi National Bank were among the most affected. Liquidity was concentrated in active and leading stocks. Corporate earnings and financial performance in the third quarter are key factors in determining the market direction, especially as the index remains above the psychologically important 10,000-point level. The market's movement depends on the availability of liquidity, assessment of earnings results, economic conditions, and their influence on investors.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)