The Saudi stock index rose 136 points with trading volume reaching 2.8 billion
The Saudi stock market witnessed a notable positive performance at the close of trading today, with the main Saudi stock index (TASI) rising by 136.53 points , consolidating its position above key psychological barriers and reaching 10,609.76 points . This rise was accompanied by active trading, with total trading value reaching approximately 2.8 billion riyals , reflecting investors' appetite and desire to seize investment opportunities in the market.
Trading details and company performance
According to the Saudi Press Agency's daily economic bulletin for the stock market, 189 million shares were traded. Today's session was predominantly green, with 230 companies seeing their market capitalization rise, a strong indicator of widespread gains across most sectors, while only 33 companies experienced declines.
Shares of companies such as "SADARAT," "Burgerizer," "BAN," "Saudi Re," and "Darb Saudi" topped the list of the biggest gainers. Conversely, shares of companies such as "Alinma REIT Retail," "Alinma REIT Hotel," "Diraya REIT," "Al Yamamah Steel," and "JAZ" were among the biggest losers, with gains and losses ranging between 10% and 3.30%.
Leading companies and market activity
In terms of trading activity, shares of Americana, Sadarat, BATIC, Darb Saudi, and Al Kathiri accounted for the largest share by volume. In terms of value, liquidity was concentrated in blue-chip stocks, with Al Rajhi, Saudi Aramco, SABIC, Alinma, and Al Ahli being the most actively traded. The activity of these leading companies, particularly in the banking, energy, and petrochemical sectors, is a key driver of the general index's direction, given their significant weight in the index calculation and their direct impact on investor sentiment.
Saudi market and economic context
This rise comes amid the resilience of the Saudi economy, bolstered by the goals of Vision 2030, which enhances the attractiveness of the financial market as a primary investment channel. The Saudi Stock Exchange (Tadawul) plays a pivotal role as the largest stock market in the Middle East and North Africa, benefiting from stable global oil prices and rapid growth in non-oil sectors. The index's surpassing the 10,600-point mark indicates cautious optimism among investors, with continued liquidity flowing towards promising opportunities across various sectors.
Parallel market performance (growth)
In a related development, the parallel market mirrored the positive performance of the main market, with the Saudi Parallel Market Index (Nomu) closing today up 80.34 points at 23,618.74 points. Trading volume on Nomu reached SAR 16 million, with over two million shares traded, underscoring the continued interest in the small and medium-sized enterprises (SMEs) sector and high-growth companies listed on this market.
