Saudi Stock Exchange Continues to Recover from Four-Month Low

Forex - The Saudi Stock Exchange (Tadawul) continued to recover from its lowest level in four months on Sunday. Saudi Arabia's benchmark index, Tadawul All Share, gained 0.9% due to the 0.7% increase in aluminum products manufacturer Al Taiseer Group and a 1.9% rise in Al Rajhi Bank. The Tadawul All Share Index closed the day up 0.9, or 100 points, at 11,742. Among other gainers, oil giant Saudi Aramco (TADAWUL:2222) rose by 0.4%. Eyes are on the oil market with the OPEC+ meeting expected on December 5. At the meeting, OPEC+ will discuss postponing the anticipated increase in oil production, originally set to begin in January, until the first quarter of 2025.