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The Saudi Stock Exchange (TASI) closed lower today, dropping 0.7% to settle at the 11,159-point level. Total trading turnover reached approximately SAR 3.5 billion, indicating moderate market liquidity during the session. The decline was driven by widespread selling pressure across major market sectors, reflecting cautious sentiment among institutional and retail market participants. This pullback in the main index highlights temporary profit-taking and investor hesitance amid changing global economic conditions and fluctuating energy prices. Lower liquidity levels compared to historical averages suggest that many market players are taking a wait-and-see approach, looking for clearer earnings signals and macroeconomic cues before committing fresh capital. Moving forward, analysts are monitoring key technical support zones around the 11,100-point mark for the benchmark index. Saudi and regional investors should closely follow upcoming corporate financial results, oil price trends, and broader global market movements to gauge whether the index can stabilize and reclaim higher resistance levels.
