The Saudi stock market's main index (TASI) closed lower today, declining 46.43 points to settle at 11,167.54 points. Trading activity was brisk, with a total value of approximately SAR 4.8 billion, reflecting mixed performance in the financial market as investors await further economic developments.
Market and company performance details
According to the Saudi Press Agency's daily economic bulletin for the stock market, the volume of shares traded reached 356 million. Market data revealed a clear divergence in the performance of listed companies, with 66 companies recording gains, while 192 companies were unable to maintain their gains and closed lower. This significant difference between the number of rising and falling companies indicates selling pressure that affected a wide range of sectors during the session.
Regarding individual stock performance, Shams, Zain Saudi Arabia, Al Masar Al Shamel, MBC Group, and Abu Moati topped the list of gainers. Conversely, Al Mouwasat, Dallah Healthcare, Research and Media, Chubb, and Dar Al Arkan were among the biggest losers, with gains and losses ranging between 9.95% and 4.81%.
Most active and liquid stocks
In terms of trading volume, shares of Americana, Zain Saudi Arabia, Al-Ahli Bank, Saudi Aramco, and BATIC accounted for the largest share. However, in terms of monetary value, shares of Al-Ahli Bank, Al-Rajhi Bank, Americana, SALL, and Saudi Aramco led the way, confirming the continued concentration of investment liquidity in blue-chip stocks and the energy and banking sectors.
The importance of the Saudi financial market regionally
The Saudi Stock Exchange (Tadawul) is the largest financial market in the Middle East and North Africa region and a true reflection of the region's largest economy, Saudi Arabia. The daily movements of the index are of paramount importance not only to local traders but also to international financial institutions, especially after the Saudi market's inclusion in global emerging market indices. Trading volumes exceeding 4 billion riyals reflect the market's continued attractiveness and the availability of necessary liquidity, despite price fluctuations that may occur due to global economic factors or normal profit-taking.
Parallel market performance (growth)
In a related development, the parallel market, Nomu, was not immune to the decline, with its index closing down 153.40 points at 23,486.52 points. Trading value in the parallel market reached approximately SAR 8.7 million, with a volume of over 1.5 million shares traded. It is worth noting that Nomu serves as a vital platform for small and medium-sized enterprises (SMEs), offering diverse investment opportunities with a high growth potential, thus making it an essential complement to the main market.
