Saudi stock market declines: Index loses 214 points, trading volume reaches 4.4 billion
The Saudi Stock Exchange's main index (TASI) closed today's trading session with a notable decline, falling by 214.60 points to settle at 11,167.48 points . This decline was accompanied by trading activity with a total value of approximately 4.4 billion riyals , reflecting a cautious and watchful mood among traders during the session.
According to the Saudi Press Agency's daily economic bulletin on the stock market, 208 million shares were traded. The session witnessed a clear divergence in the performance of listed companies, with only 33 companies recording an increase in their market value, while the screens were predominantly red, reflecting a decline in the shares of 227 companies, indicating widespread selling pressure across most sectors.
The companies most affected in the market
In terms of company performance, MedGulf Insurance, Al-Aseel, Avalon Pharma, Al-Ahli REIT 1, and Al-Drees the list of gainers. Conversely, Amac, Maaden, Sidq, Nadec, and Al-Taamir saw the largest declines, with price increases and decreases ranging between 7.33% and 9.93%.
In terms of trading activity, shares of Americana, Alinma, Saudi Aramco, BATC, and Anabeeb accounted for the largest share by volume. However, in terms of monetary value, shares of Ma'aden, Al Rajhi, Alinma, Saudi Aramco, and Al Ahli were the most actively traded, reflecting the concentration of institutional and individual liquidity on leading stocks despite the decline.
The importance of the financial market in the economic context
The movements of the Saudi stock market are of particular importance as it is the largest financial market in the Middle East and North Africa region, and is considered a mirror reflecting the performance of the Saudi economy within the Kingdom's Vision 2030. The market plays a pivotal role in attracting foreign and local investments, as investors always seek to monitor the support and resistance levels of the general index, and the 11,000 point level is considered an important psychological and technical barrier for traders.
The market is usually affected by multiple factors including global oil prices, interest rates, and the financial results of leading companies, making it vital to follow these indicators to understand the overall direction of the market.
Parallel market performance (growth)
In a related development, the parallel market (Nomu) was not immune to the declines, with its index closing down 175.96 points at 23,734.90 points. Trading value in this market reached approximately 21 million riyals, while the volume of shares traded exceeded two million shares, confirming the parallel market's alignment with the overall trend of the main market during this session.
