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This week's trading market witnessed strong performance in some sectors, especially in the Saudi market. Here’s an overview of some markets and currencies.
- *Saudi Stock Market*: The main index "TASI" rose by 4.89%, adding 527.42 points to reach a level of 11,308.11 points. The market capitalization of listed shares on "Tadawul" increased by 128.26 billion riyals to reach 9.19 trillion riyals.
- *Sectors of the Saudi Market*: The banking sector led the weekly gains with an increase of 9.36%, followed by the telecommunications sector with a rise of 3.9% and the materials sector with gains of 3.3%.
- *Gold*: Gold closed its trading at the level of $3,684.98 per ounce, recording a strong increase of $40.62, which is a rise of 1.11%. Gold is likely to continue its upward trend over the coming week if U.S. economic indicators remain weak and geopolitical uncertainty persists.
- *American Indices*: The Dow Jones index rose by 300 points supported by strong retail sales. U.S. stocks saw a sharp increase as investors regained confidence in the economy following encouraging consumer and labor data.
- *Other Markets*: The S&P 500 index rose to $6,678, while the Nasdaq index increased to $24,668.⁴