The Saudi stock market closed today with a notable decline, as the Tadawul All Share Index (TASI) fell by 138.89 points to settle at 10,709.04 points. Trading activity was brisk, with a total value of approximately SAR 6.5 billion, reflecting mixed performance across major sectors and listed companies.
Market performance details and the most active companies
According to the Saudi Press Agency's daily economic bulletin, 271 million shares were traded. The session saw mixed performance among companies, with 102 companies recording gains while 154 companies saw their shares decline, indicating selling pressure on some leading sectors.
Regarding the list of top-performing stocks, Al Rajhi Takaful, Jazadco, GIG, Petro Rabigh, and Knowledge City led the way. Conversely, Research and Media, Al Madinah Cement, Jaco, Paper Manufacturing, and Nice One were among the biggest losers, with price increases and decreases ranging between 9.96% and 9.86%.
Liquidity and leading stocks
Leading and major companies captured the lion's share of liquidity and activity, with Americana, Sipchem, Saudi Aramco, Kayan Saudi, and Petro Rabigh shares being the most actively traded by volume. In terms of value, Al Rajhi, Saudi Aramco, Al Ahli, Sipchem, and STC shares topped the list, confirming investors' continued focus on financially sound stocks with significant weighting in the index.
The importance of the Saudi market and its regional impact
The Saudi stock market is the largest financial market in the Middle East and North Africa region and a true reflection of the Saudi economy, the largest in the Arab world. The movement of the index is of paramount importance to both local and international investors, especially in light of the Kingdom's Vision 2030, which aims to diversify income sources and attract foreign investment. Market trading is typically influenced by several factors, including global oil prices, interest rates, and the quarterly financial results of listed companies, making monitoring the index crucial for understanding the overall economic landscape.
Parallel market performance (growth)
Meanwhile, the Saudi parallel market index, Nomu, followed the downward trend of the main market, closing down 123.85 points at 22,792.98 points. Trading value in the parallel market reached approximately 12 million riyals, with a volume of over 1.8 million shares traded. The parallel market is a vital platform for small and medium-sized enterprises (SMEs), offering diverse investment opportunities with a high growth potential, making it an essential complement to the Kingdom's financial market system.
