The Saudi stock market continues its upward trend with trading volume reaching 5.4 billion riyals
Continued positive performance in the Saudi stock market
recorded The Saudi stock market a positive performance today, reflecting the strength of the local economy and investor confidence. The Tadawul All Share Index (TASI) closed slightly higher, gaining 4.17 points to reach 11,343.17 points. This increase was accompanied by healthy trading volume, with total trading value reaching approximately SAR 5.4 billion, indicating continued robust investment activity in the financial market.
Trading details and stock movement
According to data published in the Saudi Press Agency's daily economic bulletin, the session saw a significant trading volume of approximately 271 million shares, executed through hundreds of thousands of transactions. Regarding the performance of listed companies, the screen showed 70 companies with rising share prices, while 188 companies saw their share prices decline. This reflects the mixed performance across different sectors and some normal profit-taking in certain financial positions following previous gains.
Top performing and worst performing companies
The companies with the highest market capitalization increases were: Industrial Means Company, Petro Rabigh, Gulf Union National Company, Al Yamamah Steel, and Electrical Industries. Conversely, some companies saw their share prices decline, most notably: Saudi Research and Media Group, Saco, Naseej, Sidq, and Al Fakhariya, which experienced the largest drops during today's trading.
Most actively traded stocks in the market
In terms of activity and volume, the percentage increases and decreases of leading and actively traded stocks ranged between 5.22% and 4.12%. The companies that accounted for the largest share of traded shares were BATC, Saudi Aramco, Americana, SADARAT, and the Saudi Chemical Company. As for liquidity and trading value, the major companies with a high relative weight in the index led the way: Saudi Aramco, Al Rajhi Bank, SABIC (agricultural nutrient), National Commercial Bank, and Saudi Electric Industries.
Economic context and importance of the Saudi stock market
is The Saudi stock market the largest and most liquid in the Middle East and North Africa region. This active trading is supported by the ongoing initiatives of Vision 2030, particularly the Financial Sector Development Program, which aims to build an advanced financial market that attracts both local and foreign investment. The Saudi market's previous inclusion in global indices such as MSCI and FTSE Russell has significantly boosted foreign capital inflows and enhanced transparency and governance among listed companies, positively impacting the stability of the Tadawul All Share Index (TASI) and supporting the national economy.
Parallel market performance (growth)
In a related development, the positive performance wasn't limited to the main market; it extended to the Saudi Parallel Market Index (Nomu). The Nomu index closed today up 38.21 points, reaching 22,671.39 points. Trading value in the parallel market reached approximately SAR 21 million, with a trading volume exceeding two million shares. The parallel market plays a vital role in supporting small and medium-sized enterprises (SMEs), providing them with a flexible platform for listing and access to the necessary financing for expansion, thus enhancing this sector's contribution to the GDP.
