The Saudi stock index closed lower at 10,381 points, with trading volume reaching 3 billion
The Saudi stock market's main index (TASI) closed significantly lower today, declining by 108.14 points to close at 10,381.51 points. Trading volume reached approximately 3.1 billion riyals, reflecting a cautious and watchful attitude among market participants.
According to the Saudi Stock Exchange's daily economic bulletin, 164 million shares were traded. The price movements reflected widespread selling pressure, with 237 listed companies' shares declining, while only 24 companies saw their market capitalization rise, indicating a downward trend across most sectors.
The most active and influential companies
In terms of company performance, shares of SEDCO Capital REIT, Chubb, Raya, Al Yamamah Steel, and Tihama topped the list of gainers. Conversely, shares of Al Masar Al Shamel, Raoum, Gulf Training, Naqi, and Gulf General were the biggest losers, with price changes ranging from a 2.73% increase to a 8.36% decrease.
In terms of trading activity, leading and major companies captured the lion's share of liquidity, with Al Rajhi Bank, Saudi Aramco, Alinma Bank, and stc shares being the most actively traded by value, underscoring their importance in driving the general index. In terms of volume, Americana and BATC shares topped the list.
Parallel market performance (growth)
In parallel with the main market, the Saudi parallel market index (Nomu) also closed lower, dropping 232.16 points to settle at 23,040.79 points. Trading volume in the parallel market reached approximately 18 million riyals, with over two million shares traded, reflecting a convergence in the downward trend between the main and parallel markets.
Market context and the importance of the index
The Saudi stock market is the largest financial market in the Middle East and North Africa region, and its main index is considered a true reflection of the Kingdom's economic activity. This decline comes as investors closely monitor global economic variables, including oil prices and interest rates, which directly impact foreign and domestic liquidity flows.
Financial analysts usually point out that liquidity levels around 3 billion riyals are average levels that tend to decrease compared to peak times, which may explain the desire of investment portfolios to wait before building new buying positions, especially when the index approaches important technical support points such as the 10,000-point barrier, which is considered a crucial psychological and technical level for traders.
