The Saudi Stock Exchange's main index (TASI) closed today with a notable rise, gaining 73 points to settle at 10,489.65 points. Trading was active, with a total value of approximately SAR 2.6 billion, reflecting cautious optimism among traders and a desire to seize investment opportunities in the market.
Trading details and company performance
According to the Saudi Press Agency's daily economic bulletin, 142 million shares were traded today. The session was characterized by widespread positivity, with 202 companies seeing their market capitalization rise, while only 59 companies experienced declines, indicating strong buying activity across most market sectors.
Regarding the performance of individual companies, shares of Roum, Salama, Al Masar Al Shamel, Bahr Al Arab, and Chubb topped the list of gainers. Conversely, shares of Al Yamamah Steel, Amlak, Saudi Cable, Research and Media, and Al Babtain were among the biggest losers, with gains and losses ranging between 9.72% and 5.51%.
Most active and leading stocks
The market witnessed a divergence in the types of actively traded stocks, with Americana, Sadarat, BATIC, Darb Saudi, and Al-Kimiya being the most active in terms of volume. However, in terms of monetary value, leading and large companies dominated, with Al Rajhi Bank, Saudi Aramco, Alinma Bank, STC, and Al Masar Al Shamel topping the list of most active stocks. This underscores the continued confidence of institutions and investors in the long-term returns of these strategic companies.
Parallel market performance (growth)
In parallel with the main market, the Saudi parallel market index (Nomu) closed today in positive territory, rising 28.93 points to reach 23,272.95 points. Trading value in this promising market reached SAR 16.9 million, with more than 2.3 million shares traded.
Economic importance and general context
This rise comes amidst ongoing efforts to strengthen the Saudi stock market's position as the largest in the Middle East and North Africa region. The stock market plays a pivotal role in achieving the goals of the Kingdom's Vision 2030 by diversifying income sources and attracting direct and indirect foreign investment. The index's stability above the 10,000-point mark is a significant technical and psychological indicator that enhances the market's attractiveness to global investment portfolios.
The positive performance of the majority of listed companies (202 companies) reflects the strength of the national economy and the private sector's ability to grow despite global economic challenges. The available liquidity contributes to providing the necessary financing for companies to expand their projects, which positively impacts GDP and job creation.
