The Saudi Stock Exchange's main index (TASI) closed Monday's trading session on a positive note, rising 0.7% to close at 10,489 points. The session saw significant buying activity, with total trading value reaching approximately SAR 2.63 billion, reflecting a prevailing sense of optimism among market participants.
According to official data from the Saudi Stock Exchange (Tadawul), the volume of shares traded during the session reached approximately 142 million shares, distributed across various listed sectors. The total market capitalization of listed shares remained stable at a substantial level of SAR 8.726 trillion, further solidifying the Saudi market's position as one of the largest financial markets in the Middle East and North Africa region in terms of market capitalization and liquidity.
The context of economic performance and the importance of the market
This rise comes in the context of ongoing efforts to enhance the efficiency of the Saudi financial market, which is a key pillar of the Financial Sector Development Program within the Kingdom's Vision 2030. The market plays a pivotal role in attracting foreign and domestic investments, as the positive performance of the index reflects investors' confidence in the strength of the Saudi economy and the ability of listed companies to achieve growth despite global economic challenges.
Analysts point out that the widening scope of the rise to include a large number of companies is a healthy indicator of market recovery, as the rise is not limited to leading companies only, but extends to include medium and small companies, thus providing diverse opportunities for traders.
Corporate performance: Winners and losers
In terms of company performance, the session saw a collective rise in the shares of 202 companies, reflecting strong buying momentum. Leading the list of top gainers were Raoum, Salama, Al Masar Al Shamel, Bahr Al Arab, and Chubb. This broad positive performance indicates improved investor sentiment and a flow of liquidity towards seizing opportunities in the insurance, technology, and services sectors.
Conversely, shares of 59 companies declined, with Al Yamamah Steel leading the losses, followed by Amlak, Saudi Cable, Saudi Research and Media Group, and Al Babtain. Such fluctuations are a natural part of market dynamics based on supply and demand and the performance of individual companies.
The parallel market (growth) continues to stabilize
As for the parallel market (Nomu), the index closed slightly higher on Monday, rising 0.1% to close at 23,272 points. Trading volume in this market reached approximately SAR 17 million, with 2.38 million shares traded, while the market capitalization of Nomu companies stood at around SAR 42 million.
The "Nomu" session saw 38 companies' shares rise, while 35 companies' shares declined, out of a total of 126 listed companies. The parallel market is gaining increasing importance as a flexible financing platform for small and medium-sized enterprises (SMEs), contributing to the diversification of the national economy and supporting entrepreneurship in the Kingdom.
