The Saudi All-Stock Index once rose 3.1%, which is expected to be the biggest two-day increase since June 2017. The sharp drop earlier this month brought the index into the oversold range. The index rose 2.1% in Riyadh time, with a two-day cumulative increase of 5.9%. On Tuesday, Al Rajhi and Saudi Aramco contributed the most to the rise in the index. The index of relative strength of the all-stock index fell to 15 on Sunday, the lowest since 2020. Some technical analysts believe that the indicator below 30 means that the target is falling too fast and falling too much. As of Sunday, the biggest decline in the Saudi All-Stock Index reached 9.6% this month, with a cumulative decline of 4% this month.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.