Saudi stocks decline: Nomu loses 109 points and Tadawul All Share Index (TASI) falls
An introduction to the performance of the Saudi stock market today
saw The Saudi stock market index a slight decline in trading today in both the main and parallel markets, reflecting a state of anticipation and repositioning by investors. These movements are considered part of the natural dynamics of financial markets, which are influenced by supply and demand factors and available liquidity.
Details of trading in the parallel market (Nomu) and the main market (TASI)
The Saudi parallel market index (Nomu) closed today down 109.72 points, settling at 22,723.91 points. Trading value in the parallel market reached approximately SAR 16 million, while the volume of shares traded exceeded two million shares. Meanwhile, the main Saudi stock market index (TASI) declined by 11.84 points, closing at 10,956.10 points. The main market witnessed high liquidity, with total trading value reaching SAR 4.6 billion.
According to the daily economic bulletin issued by the Saudi Press Agency for the stock market, the volume of shares traded on the main market reached 214 million. Market statistics showed mixed performance among companies, with 63 companies recording an increase in their share prices, while 195 other companies saw their share prices decline.
Top gainers, biggest losers, and most actively traded stocks
Shares of Tabuk Agricultural Development Company, Saudi Chemical Company, Eastern Pipes Company, Jarir Company, and Elm Company topped the list of gainers. Conversely, shares of Sinomy Retail Company, Tobi Company, Thimar Company, Tasheel Company, and Redan Company were among the biggest losers in today's trading, with gains and losses ranging between 5.69% and 7.71%.
In terms of trading activity, shares of Saudi Aramco, Americana, Saudi Chemical, Petro Rabigh, and Saudi Kayan accounted for the largest share of trading volume. In terms of value, liquidity was primarily concentrated in shares of Saudi Aramco, Elm, Al Rajhi, ACWA Power, and National Commercial Bank.
General context and historical background of the Saudi financial market
The Saudi Stock Exchange (Tadawul) is the largest and most liquid stock market in the Middle East and North Africa region. The parallel market (Nomu) was launched in 2017 as a trading platform with more flexible listing requirements, aiming to encourage small and medium-sized enterprises (SMEs) to list and access the necessary financing to expand their businesses. These steps fall under the umbrella of the Financial Sector Development Program, one of the key executive programs of Saudi Vision 2030, which aims to build an advanced and attractive capital market for investment.
The importance of the event and its expected impact (locally, regionally and internationally)
On the local level: The performance of the Saudi stock market index reflects the state of the national economy and domestic liquidity levels. Today's slight market decline represents normal profit-taking and does not affect the positive long-term outlook for listed companies, particularly the leading ones in the banking and energy sectors.
Regionally: Due to its enormous size, the Saudi market leads the trends in Gulf and Arab markets. Any movements in the Tadawul All Share Index (TASI) often reflect on investor sentiment in neighboring markets, underscoring the Kingdom's role as an economic engine for the region.
Internationally: Following the inclusion of the Saudi market in global emerging market indices such as MSCI and FTSE Russell, its performance has become a focus for foreign investment funds. Furthermore, the active trading of Saudi Aramco shares directly links the market's performance to global energy markets, making the index's daily movements an important indicator for international investors to assess capital flows.
