The Saudi stock index rose 35 points, with trading volume reaching 4.7 billion
The Saudi stock market's main index (TASI) closed in positive territory today, posting a notable gain that solidified its position above key psychological levels. The index finished the session up 35.85 points, settling at 10,948.28 points, amid active trading and heavy liquidity that reflected growing investor appetite.
Details of trades and cash liquidity
According to the Saudi Stock Exchange's daily economic bulletin, the total value of trades reached approximately SAR 4.7 billion, while the volume of shares traded reached 234 million. The session witnessed widespread positive activity, with liquidity distributed across multiple sectors. Shares of 185 companies recorded an increase in their market value, reflecting a general sense of optimism across most market sectors, while only 71 companies saw their shares decline.
The insurance sector is leading the gains
In a detailed analysis of sector performance, the insurance sector emerged as the top performer in today's session, with insurance companies leading the list of gainers. Shares of Malath Insurance, Walaa Insurance, United Insurance, Saudi Reinsurance, and Al-Taawuniyah topped the list of gainers, indicating a focus of speculative and institutional investment on this vital sector. Overall market gains and losses ranged between 10.00% and 2.96%.
On the other hand, the list of the biggest losers included “Nafouth”, “Sadarat”, “Amak”, “Tadawul Group”, and “Cisco Holding”, which experienced normal profit-taking after previous rises or as a result of changing market conditions.
Leading and most actively traded stocks
In terms of stock activity, Americana, Saudi Export Development Company (SADR), Saudi Aramco, Saudi Electric Industries Company (SEIC), and Saudi Industrial Services Company (SIEC) were the most actively traded by volume. However, in terms of monetary value, the major blue-chip companies dominated, with Al Rajhi Bank, Saudi Aramco, National Commercial Bank (NCB), Bupa Arabia, and Ma'aden leading the list, underscoring the significant role these giants play in driving the general index.
The parallel market (growth) and the economic context
As for the parallel market, Nomu, it followed the upward trend of the main market, with its index closing up 9.84 points to reach 23,368.02 points. Trading value in this promising market reached 13 million riyals, with a volume of over one million shares.
This balanced performance of the Saudi stock market comes at a time when the Kingdom is witnessing significant economic activity under Vision 2030, which aims to diversify income sources and enhance the position of the Saudi Stock Exchange (Tadawul) as one of the largest markets in the region and among the most important emerging markets globally. The index's stability near the 11,000-point level is a positive indicator that reinforces the confidence of local and foreign investors in the strength of the Saudi economy and the ability of listed companies to achieve sustainable growth despite global economic challenges.
