The main index “TASI” of the Saudi stock exchange “Tadawul” closed the session on Sunday, in increase of 2.39%, gaining 259.68 points to 11136.44 points, with transactions exceeding 6 billion riyals.
Hussein Al-Raqib, director of the Zad Consulting Center, said in an interview with Al-Arabiya that investors in the Saudi stock market still fear the repercussions of Omicron Corona and its impact on the markets in general.
He pointed out that the intensity of the Omicron mutant talk has started to decrease, and thus we have seen oil prices return to rising, Indices start to rise again on global markets.
He added that the funds and their investment firms have supported the rise of the Saudi market, explaining that the return of individual investors to the market is linked to the clarity of the vision on the changed Omicron and the decision to raise interest rates on the US dollar. .
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