Saudi stocks closed higher at 10,917 points with trading volume of 3.9 billion
The Saudi Stock Exchange's main index (TASI) closed slightly higher today, consolidating its position above a key psychological support level. The index gained 4.86 points to close at 10,917.04 points. Trading activity was mixed, with total turnover reaching approximately SAR 3.9 billion, reflecting a cautious but positive outlook among market participants.
Trading session details and liquidity movement
According to the Saudi Press Agency's daily economic bulletin on the stock market, the volume of shares traded reached approximately 200 million. The session witnessed a clear divergence in the performance of listed companies, with 102 companies recording an increase in their market value, indicating selective buying opportunities, while 147 companies saw their shares decline under the pressure of normal profit-taking that the market experiences from time to time.
Shares of Shams, Al Yamamah Steel, Anaam Holding, Al Ramz, and Masar topped the list of gainers, achieving notable increases. Conversely, shares of Sadarat, ACWA Power, Naseej, Petro Rabigh, and Nice One were among the biggest losers, with market fluctuations ranging between 10.00% and 3.72%.
Leading and most active companies
In terms of trading activity, shares of Americana, Al Kathiri, Sadarat, Saudi Aramco, and Darb Saudi accounted for the largest share of trading volume. As for monetary value, liquidity was concentrated in blue-chip stocks, with Al Rajhi Bank, Saudi Aramco, Ma'aden, National Commercial Bank, and Tadawul Group being the most actively traded, confirming the continued confidence of financial institutions and investors in vital sectors such as banking, energy, and basic materials.
Economic context and the importance of the financial market
These movements in the Saudi stock market are particularly significant given the current economic landscape, as the Saudi Stock Exchange (Tadawul) is the largest in the Middle East and North Africa region and one of the world's leading emerging markets. The index's stability near the 11,000-point level reflects the strength of the national economy and the ability of Saudi companies to adapt to global economic changes, including fluctuations in oil prices and interest rates.
The Financial Sector Development Program, one of the Kingdom’s Vision 2030 programs, also plays a pivotal role in enhancing market depth and increasing its attractiveness to foreign and local investors, by introducing new investment instruments and encouraging listings, thereby increasing market efficiency and transparency.
Parallel market performance (growth)
In related news, the Saudi parallel market index (Nomu) closed today down 85.41 points, settling at 23,357.50 points. Trading value in the parallel market reached approximately 10 million riyals, with the volume of shares traded exceeding one million. The parallel market is a vital platform for small and medium-sized enterprises (SMEs), offering investment opportunities distinct from the main market, thus allowing traders to diversify their portfolios.
