The Saudi Stock Exchange (TASI) continued its upward trend for the fifth consecutive session, achieving a significant jump in today's trading. The index closed up 148 points, equivalent to 1.4%, settling at 10,894 points. This closing level is the highest for the index in nearly two months, reflecting a prevailing sense of optimism among traders and investors in the financial market.
The session witnessed a surge in liquidity, with total trading value reaching approximately SAR 6.1 billion. The index opened at 10,763 points, reaching a high of 10,894 points and a low of 10,718 points, indicating strong buying pressure that dominated trading from the opening bell to the close.
Leaders' performance and gains since the beginning of the year
With this notable rise, the general index strengthened its gains since the beginning of 2026, reaching approximately 400 points, a growth rate of 3.8% compared to the end of the previous year. This positive performance is mainly attributed to the movement of leading stocks, with the energy giant Saudi Aramco leading the gains with a 3% increase to close at SAR 24.92, coinciding with the stabilization of global energy markets. The banking sector also contributed to this rise, with Al Rajhi Bank, a major component of the index, seeing its shares rise by 2% to close at SAR 102.50.
Metals records historic closing price
In a related development, shares of Saudi Arabian Mining Company (Ma'aden) stole the spotlight, recording their highest closing price since their listing on the market. The stock jumped 5% to reach SAR 70.80, witnessing active trading exceeding 5 million shares with a value surpassing SAR 350 million. This strong performance comes in response to the company's significant announcement of the addition of 7.8 million ounces of new gold resources and its confirmation that exploration drilling operations are revealing promising opportunities, thus reinforcing the mining sector's position as the third pillar of Saudi industry within the Kingdom's Vision 2030.
Market activity and the most active companies
As for other stocks, major companies such as Al-Ahli Saudi, STC, Al-Taawuniyah, Alawwal, Almarai, Tadawul Group, Taiba, and Jabal Omar ended trading with gains ranging between 1% and 5%. Al-Waha stock topped the list of the biggest gainers with a 10% increase.
Conversely, the session was not without profit-taking and declines in some stocks, with "Naseej" leading the list of decliners with a drop of nearly 10%. Shares of "Thimar," "Cisco," "National Education," "Tihama," and "Ataa" also fell by between 1% and 4%. Analysts confirm that this divergence in performance is a healthy part of market movement, as liquidity flows towards opportunities with strong catalysts.
