Saudi stocks decline, trading volume reaches 2.9 billion riyals – Market Report
The Saudi stock market ended its daily trading session with a noticeable divergence in performance, as the general index (TASI) recorded a slight decline, while the parallel market (Nomu) continued its upward trajectory, amidst cash liquidity amounting to a total value of about 2.9 billion Saudi riyals.
General Index Closing Details
In session details, the main Saudi stock index fell by 23.17 points , closing at 11,228.64 points . Despite this decline, trading activity showed positive performance for a large number of companies, with a volume of 216 million shares traded. According to the daily economic bulletin, the market capitalization of 170 companies rose, while that of 82 companies fell, suggesting that the index's decline may have been driven by pressure from some leading, heavyweight stocks.
Most active stocks and market movement
Shares of OGC, Alamar, Kayan Saudi, Enaya, and Dar Al Arkan topped the list of the market's biggest gainers. Conversely, shares of Alistithmar, Jahez, Petro Rabigh, Al Majed for Oud, and Research and Media were among the biggest losers, with price changes ranging from a 7.54% increase to a 3.21% decrease.
In terms of liquidity and activity, Americana, Saudi Kayan, and BATIC shares were the most actively traded by volume. However, in terms of monetary value, Alinma Bank, Saudi Aramco, and Al Rajhi Bank shares accounted for the largest share of traded liquidity, reflecting the continued focus of investment portfolios on vital and banking sectors.
Parallel market performance (growth)
In contrast, the Saudi parallel market index (Nomu) saw a different performance, closing the session up 449.38 points at 24,093.12 points . Trading volume in the parallel market exceeded SAR 16 million, with over 1.8 million shares traded, reflecting the market's appeal to small and medium-sized enterprises (SMEs) and investors seeking promising growth opportunities.
Economic importance and financial market context
The performance of the Saudi stock market is of particular importance as it reflects the health of the largest economy in the Middle East. This trading comes at a time when the Kingdom is experiencing significant economic activity under Vision 2030, which aims to diversify its sources of income and attract foreign investment. The index's stability above 11,000 points is a key indicator of long-term investor confidence, despite the natural daily fluctuations influenced by supply and demand factors, oil prices, and global markets.
Current liquidity levels (2.9 billion riyals) indicate a state of selective anticipation by traders, which is a healthy phenomenon in financial markets that usually precedes periods of rebuilding financial positions, especially with the anticipation of quarterly and annual company announcements that play a crucial role in guiding the investment compass.
