The Saudi stock index rose 109 points with trading volume reaching 3.2 billion
The Saudi Stock Exchange's main index (TASI) closed significantly higher today, extending its gains and reclaiming key technical levels. The index closed up 109.18 points, settling at 10,490.69 points. Trading activity was positive, with total value reaching approximately SAR 3.2 billion, reflecting investor optimism and a desire to seize investment opportunities in the market.
Trading details and company performance
According to the Saudi Press Agency's daily economic bulletin, 150 million shares were traded. The session saw a general rise across most sectors, with 249 companies recording an increase in their market value, representing a significant broadening of the gains. Only 12 companies experienced declines. United Insurance, Sadarat, Jaco, Abu Moati, and Gulf General topped the list of gainers, while Naseej, Sedco Capital REIT, Tadawul Group, BSF, and Saco were among the biggest losers. Fluctuations ranged between 9.73% and 5.87%.
Leading and most actively traded stocks
In terms of trading activity, shares of Americana, Exports, BATC, Saudi Aramco, and Maharah accounted for the largest share by volume. As for monetary value, liquidity was concentrated in blue-chip stocks, with Sulaiman Al Habib, Al Rajhi, Saudi Aramco, stc, and Al Ahli topping the list of most actively traded companies, underscoring the role of the banking, energy, and telecommunications sectors in driving the index upwards.
Economic context and the importance of the financial market
This rise comes amid the robust performance of the Saudi economy. The Saudi Stock Exchange (Tadawul) is the largest stock market in the Middle East and North Africa region and plays a pivotal role in achieving the goals of the Kingdom's Vision 2030 by diversifying income sources and attracting foreign and domestic investments. The index's breach of technical resistance levels and its stabilization above 10,400 points is considered a positive indicator by technical analysts, reflecting traders' confidence in the strength of listed companies and their ability to achieve sustainable growth.
Parallel market performance (growth)
In parallel with the main market, the Saudi Parallel Market (Nomu) index also performed strongly, closing up 255.50 points at 23,296.29 points. Trading volume on the parallel market reached SAR 24 million, with over 3 million shares traded. Nomu is a vital platform for small and medium-sized enterprises (SMEs), offering diverse investment opportunities with potentially high returns, thus complementing the Kingdom's financial market ecosystem.
