The Saudi stock market's main index (TASI) closed significantly lower today, losing 185.05 points to settle at 10,364.03 points. Trading volume reached approximately SAR 2.5 billion, reflecting a cautious and watchful mood among market participants.
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on the stock market, the trading volume reached 170 million shares. The session was marked by a clear decline in the performance of the vast majority of listed companies, with 237 companies seeing their share prices fall, while only 20 companies recorded an increase in their market value. This significant disparity between the number of losing and gaining companies indicates a widespread sell-off across most sectors, not limited to any one specific sector.
In detail, the list of gainers and losers saw the shares of "Sadr," "Naqi," "Burgerizer," "Al-Kimiya," and "Sadr" top the list of the biggest gainers. Conversely, the shares of "Etihad Al-Ahli," "UCIC," "Al-Taamir," "Al-Babtain," and "Al-Tatweer Al-Ghadaiya" were the biggest losers in trading, with gains and losses ranging between 9.87% and 4.61%.
trading activity and liquidity
, the most actively traded stocks by volume were those of Saudi Export Development Company (SADR), Americana, BATC, Saudi Aramco, and Saudi Chemical Company. In terms of value, the largest blue-chip companies attracted the lion's share of liquidity, with Saudi Aramco, Al Rajhi Bank, stc, Alinma Bank, and SADR leading the list. The activity of these blue-chip companies is considered an important indicator of the investment strategies of major portfolios and funds, given their significant weighting in the general index.
The economic context and market significance:
This decline comes amidst normal fluctuations in financial markets, which are typically influenced by global economic factors such as oil prices, interest rates, and international economic data. The Saudi stock market holds significant importance as the largest market in the Middle East and North Africa region, reflecting the strength of the Saudi economy and its ability to attract foreign and domestic investment. Analysts typically monitor support and resistance levels for the Tadawul All Share Index (TASI) to determine future market trends.
The performance of the parallel market (Nomu)
was not immune to the declines, with the index closing down 147.19 points at 23,371.82 points. Trading volume in the parallel market reached SAR 20 million, with over 3 million shares traded. The parallel market is a vital platform for small and medium-sized enterprises (SMEs) seeking growth and expansion, and it operates under more flexible listing rules compared to the main market, making it an important indicator for the emerging business sector in the Kingdom.
