The Saudi Stock Market (Tadawul) ended the month of October on a positive note, continuing the wave of rebound that started since last September, confirming the market's resilience and strength in attracting capital and enhancing investor confidence, despite a slight decline in trading values and volumes.

Despite the slight decline in trading values and volumes.

Saudi stock market performance in October

According to market data and analysis of financial experts, the general index of the market rose by 1.3%, adding about 152.88 points to close the month at 11,655.85 points, compared to 11,502.97 points at the end of September, reflecting a stable upward trend supported by the improved performance of the leading sectors.

The market gained 1.3%, adding about 152.88 points to close the month at 11,655.85 points, compared to 11,502.97 points at the end of September, reflecting a stable upward trend supported by the improved performance of the leading sectors. The market recorded huge market gains of about 349.77 billion riyals (93.27 billion dollars), bringing the market value of listed shares to 9.668 trillion riyals (2.58 trillion dollars), compared to 9.318 trillion riyals (2.48 trillion dollars) at the end of the previous month, reflecting an increase in investment confidence and positive capital flows.

The market witnessed a huge market gain of about 349.77 billion riyals (93.27 billion dollars), reflecting an increase in investment confidence and positive capital flows. The October trading witnessed a rise in 12 sectors, led by the utilities sector, which rose by 10.9%, followed by the energy sector by 5.4%, and the telecom sector by 1.6%, while some other sectors declined, most notably the long-term commodities sector, which recorded losses by 9.3%.

October's trading witnessed a rise in 12 sectors. Despite this positive performance, trading values fell by 4% to 122.33 billion riyals (32.62 billion dollars), compared to 127.43 billion riyals (33.98 billion dollars) in September, and trading volumes decreased marginally by 0.34% to 5.93 billion shares, with an average of 269.57 million shares per session.

Despite this positive performance, trading values fell by 4% to 122.33 billion riyals (32.62 billion dollars), compared to 127.43 billion riyals (33.98 billion dollars) in September.