#CryptoStocks
The Saudi stock market 'Tadawul' has witnessed continuous declines, as the general index closed yesterday at 10,591 points, down 1.2% (‑123 points), marking the lowest level since October 2023, with trading amounting to 6.2 billion riyals. Local sentiment was also affected by investors' concerns over the US interest rate hike and Middle East geopolitics. Today, the implementation of changes to the 'FTSE Russell' index is expected to begin on June 23, which may enhance liquidity in some stocks. On the global stage, the market is awaiting the Federal Reserve's statement on interest rates, which has increased support for the dollar and caused gold prices to drop to their lowest weekly level. Additionally, Bitcoin and other digital currencies have also recorded a wide decline.
