Saudi marketUpdated 13h ago

Saudi stocks are on track for a third straight weekly gain as Q3 reporting season ends.

Saudi stocks are heading toward a third consecutive weekly gain as the third-quarter reporting season ends, Asharq Business with Bloomberg reported on Nov. 12. The report said investors were watching developments in discussions concerning the Iran war. Argaam reported that TASI closed Wednesday, Nov. 11, up 1.4% at 10,308 points, its highest close in about a month, with trading valued at about 4.8 billion riyals. In a separate diplomatic context, the Saudi Foreign Ministry said in an Oct. 26 statement carried by the Saudi Press Agency that the defense minister’s visit to Tehran and the participation of representatives of the Makkah Agreement states were part of efforts to reduce escalation, encourage dialogue and diplomatic solutions, and support mediation by Qatar and Pakistan.

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