The Saudi stock market continued its positive performance, with the Tadawul All Share Index (TASI) recording a notable rise at the close of trading, adding 93.86 points to settle at 10,912.18 points. The session witnessed strong buying activity that boosted market gains, with total trading volume reaching approximately SAR 3 billion, reflecting optimism among traders and investors regarding the future of the financial market.
Trading details and company performance
According to the Saudi Press Agency's daily economic bulletin, 180 million shares were traded. The market was broadly positive, with 230 companies closing higher, indicating that the gains were not limited to leading stocks but extended across a wide range of listed companies. Conversely, only 29 companies saw their shares decline, further reinforcing the session's upward trend.
The top performing companies included Al-Dara’a Al-Arabi, Chubb, Ban, Shams, and Al-Obaikan Glass. Conversely, the worst performing companies were Tasheel, Sedco Capital REIT, Smasco, Sadarat, and PCI, with changes ranging from an 8.55% increase to a 2.34% decrease.
Liquidity and leading stocks
In terms of trading activity, Ban, Americana, Exports, Darb Saudi, and Batk accounted for the largest share of traded shares by volume. However, in terms of monetary value, liquidity was concentrated in the major blue-chip stocks, with Al Rajhi, Alinma, Saudi Aramco, Al Ahli, and Ma'aden topping the list. The activity of these leading companies is considered an important indicator of the influx of institutional and long-term investment capital, given their weight in the general index and their direct impact on the national economy.
Economic context and the importance of the financial market
This rise is particularly significant given the prominent position of the Saudi Stock Exchange (Tadawul) as the largest stock market in the Middle East and North Africa region. The index's positive performance reflects the strength of the Saudi economy and its ability to attract both domestic and foreign investment, aligning with the goals of Vision 2030, which aims to diversify income sources and deepen the financial sector. The index's stability above the 10,900-point level represents a crucial technical and psychological barrier, supporting the continuation of this positive momentum.
Parallel market (growth)
In a related development, the Saudi parallel market index (Nomu), dedicated to small and medium-sized enterprises (SMEs), closed 29.13 points higher, reaching 23,442.91 points. Trading volume in this market reached SAR 17 million, with over one million shares traded, underscoring the continued growth of this vital sector, a key pillar of the national economy.
