The Tadawul All Share Index (TASI) closed higher at 11,252 points with a trading volume of 5.4 billion
The Saudi Stock Exchange (TASI) continued its positive performance, recording a notable rise at the close of trading today, adding 84 points, equivalent to a 0.8% increase, to close at 11,252 points. The session witnessed healthy trading activity, with the total value of trades reaching approximately SAR 5.4 billion, reflecting optimism among traders and a desire to seize investment opportunities in leading and mid-cap stocks.
Trading session details and index movement
The index opened trading at 11,156 points, and witnessed fluctuations during the session between its lowest level at 11,143 points, and the highest level it achieved at the close at 11,252 points, indicating buying power that appeared in the second half of the session that contributed to pushing the index towards the green zone and closing at the highest daily point.
Performance of leading stocks and companies
Saudi Aramco shares led the gains, supporting the index and rising 1% to close at 26 riyals. Petrochemical and banking stocks also performed positively, with shares of ACWA Power, SABIC, Alinma Bank, BSF (Saudi French Bank), Bank Albilad, Al-Taawuniyah, and Sipchem all closing with gains ranging from 1% to 4%, further boosting the overall index.
Most actively traded stocks and key events
Saudi Kayan shares stole the show during the session, surging by the maximum limit (10%) to close at SAR 5.30, amid heavy trading of approximately 20 million shares. This strong rise came in response to the company's announcement of receiving the allocation document for additional ethane gas, a significant development that will positively impact the company's production capacity and future prospects. Similarly, Ata'a shares closed 10% higher at SAR 57.50, while Petro Rabigh and Riyadh Cables shares both recorded gains of 6%.
In contrast, Sadafco's stock faced selling pressure following the announcement of the company's financial results, declining by 6% and closing at 220.50 riyals, amid trading of approximately 150,000 shares.
An analytical overview and the importance of the financial market
These movements in the Saudi stock market are particularly significant given Tadawul's position as the largest stock exchange in the Middle East and North Africa region. The liquidity level, exceeding SAR 5.4 billion, is a healthy indicator of the market's attractiveness to both local and foreign investors. Furthermore, the stocks' reaction to fundamental news, such as the allocation of feedstock to Kayan or the financial results of Sadafco, reflects the market's efficiency and the speed with which prices respond to economic changes and corporate news.
Analysts usually point out that the index’s stability above psychological support levels (such as the 11,000-point barrier) enhances confidence in the market’s upward trajectory in the medium term, especially given the continued strong government spending and diversification of income sources within the Kingdom’s Vision 2030, which positively impacts the performance of listed companies in various sectors.
