From Financial Modeling Prep: 2024-10-07 03:18:28

Saudi Arabia’s stock market, the Tadawul All Share Index, closed 1.58% lower, reflecting concerns over global economic challenges and market conditions. Energy and financial sectors were hit hard, influenced by geopolitical tensions in the Middle East. Despite fluctuations in oil prices, the market remained bearish due to inflation concerns and traditional sector reliance. Saudi Arabia’s Vision 2030 reform plan aims to diversify the economy, but immediate market reactions remain tied to energy. Investors are advised to monitor global developments and energy prices amidst market volatility.



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