Saudi Arabia’s main Stock index,
The Tadawul All Share ~Index (TASI), closed at its lowest level since April 7, declining by 1.30%. This ''Downturn reflects fragile Market Sentiment, Influenced by Uncertainty surrounding U.S. “President Donald Trump’s ”Tariff policy.
Key Contributors to the Decline
Healthcare services.. Provider AlMoosaHealth Company experienced the largest loss, falling 7.29%.
Saudi Aramco’s Strategic Moves
In the midst of ”Market volatility, Saudi Aramco” Announced plans to ”Raise funds through a Dollar-denominated Bond sale and ”Explore Asset ''Sales As part of its ''International ''Expansion ''Strategy. Oil Market Stability Oilprices“ Remained Relatively Stable, with Brent crude dipping 0.4% to $64.46, ahead of an anticipated ”OPEC+ decision” on increasing output.
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Regional Market Performance
Dubai:
The IndexRose by 0.37%, Driven by a 5.61% surge in ''Amlak Finance'' amid plans to evaluate asset sales and a potential exit from its real estate finance portfolio. Abu Dhabi: The ''Benchmark index edged up 0.16%.
Qatar:
The ”Index fell 0.78%, With Declines in ”Companies Like Baladna and “”Qatar National Bank.
Egypt:
The EGX30 Gained 1.49%, bolstered by $ strong ”Performances “From Beltone Financial and GB Auto. This followed a less _than-expected 100 basis point ”Rate cut by Egypt’s central bank.
Conclusion
The Saudi ”Stock market’s recent Ecline ''underscores the ''Impact of global trade tensions on investor sentiment. As geopolitical uncertainties persist, ''Market participants remain cautious, closely ;;Monitoring Developments that Could InfluenceRegional economic stability