Saudi stocks rise 126 points with trading volume of 6.5 billion riyals
The Saudi stock market's main index, TASI, closed today with a notable rise, extending its previous gains and reaffirming the attractiveness of the Kingdom's financial market to both local and foreign investors. The general index climbed 126.95 points to close at 10,692.69 points , a level reflecting the prevailing optimism among traders.
Trading volume and cash liquidity
The session witnessed significant trading activity, with the total value of transactions reaching approximately SAR 6.5 billion . This strong liquidity reflects growing confidence in the national economy and the resilience of listed companies. According to the Saudi Press Agency's daily economic bulletin, 321 million shares were traded across more than half a million transactions.
Regarding company performance, market data showed a widening of the upward trend, with 257 companies growth in their market value, while only 10 companies experienced declines, indicating a buying wave that encompassed most of the vital sectors in the market.
Top performing and worst performing companies
Companies in the basic materials and media sectors led the gainers, with shares of Alujain, Research and Media, Printing and Packaging, Pipes, and Chemicals among the top performing stocks. Market fluctuations ranged from a maximum of 10% to a minimum of 2.32%.
On the other hand, some leading stocks witnessed normal profit-taking, with Saudi Aramco, Emaar, Gulf National Union, Gas, and Saudi French Bank (BSF) experiencing the largest declines in trading. However, this decline did not negatively affect the overall upward trend of the index.
Most actively traded stocks in the market
Certain companies dominated trading in terms of both volume and value, reflecting the market's volatile liquidity. In terms of volume, Americana, Saudi Aramco, Jabal Omar, Alinma Bank, and Saudi Chemical were the most actively traded stocks. In terms of value, Saudi Aramco, Al Rajhi Bank, National Commercial Bank, Alinma Bank, and SABIC (agricultural nutrient) the market, highlighting the banking and energy sectors as key pillars of the market.
Parallel market performance (growth)
In parallel with the main market, the Saudi parallel market index, Nomu, closed today's session in positive territory, rising by 85.22 points to reach 22,382.53 points . Trading value in the parallel market reached 15 million riyals , while the volume of shares traded exceeded 1.2 million shares.
Economic significance and context of the event
This rise in the Saudi stock market comes within a broader economic context, reflecting the success of the Kingdom's Vision 2030 programs in diversifying income sources and enhancing the efficiency of the financial market. The Saudi Stock Exchange (Tadawul) is the largest stock market in the Middle East and North Africa region and plays a pivotal role in attracting both direct and indirect foreign investment.
Analysts believe that the stability of global oil prices, in addition to the positive financial results of listed companies, directly contribute to boosting investor confidence and pushing the index towards new record levels, which confirms the strength of the Saudi economy and its ability to face global economic challenges.
