TASI Reclaims 10,300 Points, Closing Up 0.33% at 10,318
The Saudi TASI index closed up 0.33% at 10,318.14 points, reclaiming the 10,300 level, while Aramco shares settled virtually unchanged at 25.78 riyals.
The Saudi TASI index closed Tuesday's session up 0.33% at 10,318.14 points, thereby reclaiming the 10,300-point level lost in previous sessions, as reported by Arab News.
The index rose compared to the previous session's close, in a rebound reflecting improved investor appetite in the Saudi market following a wave of decline.
Saudi Aramco's stock settled virtually unchanged at 25.78 riyals, as investors closely monitor the performance of energy sector stocks following recent security developments.
Saudi market traders are following the performance of leading sectors and foreign investor inflows, amid anticipation of data that could shape the index's direction in upcoming sessions.
What do these terms mean?
TASI: The general index of the Saudi Stock Exchange, measuring the performance of the main listed companies.
Resistance level: A price or level where an index or stock struggles to move higher, due to investors' tendency to sell at that point.
Aramco: The Saudi national oil company and the world's largest producer of crude oil.
Weekly Newsletter
Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.
