Saudi stocks rise 83 points with trading volume of 5.2 billion riyals
The Saudi stock market's main index (TASI) closed significantly higher today, extending its market gains amid a prevailing sense of optimism among traders. The general index rose by 83.63 points , closing at 10,776.32 points , reflecting the strong financial performance of listed companies.
The session witnessed brisk trading activity, with the total value of transactions reaching approximately 5.2 billion Saudi riyals . According to the Saudi Press Agency's daily economic bulletin for the stock market, the volume of shares traded exceeded 252 million, distributed across more than half a million transactions.
Company and sector performance
Trading screens showed a positive divergence in company performance, with 194 companies an increase in their market value, indicating a broad-based rally across most market sectors. Conversely, 62 companies closed lower. The top performing companies included:
- MIS Company
- Saudi Research and Media Group
- Shaker Company
- Petro Rabigh
- Al-Aziziyah REIT
On the other hand, companies (Catrium, Chemical, Azm, Advanced, and Extra) came in the list of the biggest losers, as the percentages of increase and decrease in the market ranged between 9.95% and 3.74%.
Most actively traded stocks
Leading and major companies captured the lion's share of liquidity and trading volume, with shares of Americana, Saudi Aramco, Saudi Chemical, Kayan Saudi, and Petro Rabigh being the most actively traded by volume. In terms of monetary value, shares of Saudi Aramco, Al Rajhi Bank, National Commercial Bank, SABIC (agricultural nutrient), and Alinma Bank led the way.
Parallel Market (Growth)
In a related development, the Saudi parallel market index (Nomu) followed the upward trend of the main market, closing up 114.45 points at 22,496.98 points. Trading volume in the parallel market reached approximately 17 million riyals, with over 2.3 million shares traded.
Economic context and the position of the Saudi market
This increase comes in the context of the ongoing efforts by the Kingdom of Saudi Arabia to enhance the efficiency of the financial market and its attractiveness to foreign and local investment, in line with the objectives of the Kingdom’s Vision 2030. The Saudi Stock Exchange (Tadawul) is the largest stock market in the Middle East and North Africa region, making its movements an important indicator of the economic situation in the region.
The fact that liquidity exceeded the SAR 5 billion mark reflects strong investment appetite and investor confidence in the resilience of the Saudi economy and the ability of national companies to achieve growth despite global economic challenges and interest rate volatility. This positive performance is seen as evidence of the stability of the Kingdom's investment environment, reinforcing its position as a leading destination for capital in both emerging and traditional sectors.
