The Saudi Stock Exchange's main index (TASI) closed slightly higher today, continuing its positive trend and closing in positive territory. The general index gained 12.75 points, settling at 11,341.27 points. Trading activity was notable, with total value traded reaching approximately SAR 5.1 billion, reflecting continued investor appetite and strong buying interest in the market.
Details of company performance and liquidity
According to the Saudi Stock Exchange's daily economic bulletin, the volume of shares traded during the session reached 219 million. The performance of listed companies varied, with 84 companies seeing their market capitalization rise, benefiting from buying momentum in specific sectors, while 168 companies closed lower, indicating selective profit-taking or portfolio repositioning.
Regarding the most actively traded and influential stocks in the market, shares of Al Majed for Oud, Industries, Al Kathiri, Thimar, and Exports topped the list of gainers. Conversely, shares of Elm, Abu Moati, United Insurance, Electrical Industries, and Jamjoom Pharma led the decliners, with fluctuations ranging between 6.02% and 5.99%.
Leading factors and market activity
Leading and major companies accounted for the lion's share of trading value, confirming the confidence of institutions and investors in financially sound stocks. Shares of Elm, energy giant Saudi Aramco, Al Rajhi Bank, Alinma Bank, and Ma'aden were the most actively traded by value. In terms of volume, shares of Sadarat, Al Kathiri, Aramco, Saudi Chemical, and Americana were the most active.
Economic context and the importance of the financial market
These daily movements in the Saudi stock market are particularly significant, as they reflect the pulse of the largest economy in the Middle East and North Africa region. These trading activities take place amidst ongoing economic reforms under the Kingdom's Vision 2030, which aims to deepen the financial market and attract foreign investment. Maintaining liquidity levels exceeding 5 billion riyals is a healthy indicator of the market's attractiveness and its ability to absorb new offerings and provide opportunities for both local and international investors.
Parallel market performance (growth)
Meanwhile, the Saudi parallel market index (Nomu) bucked the trend of the main market, closing down 233.47 points at 23,810.24 points. Trading volume in the parallel market reached approximately SAR 18 million, with 1.8 million shares traded, reflecting the high volatility and diverse opportunities offered by the parallel market, which is designated for qualified investors.
