Positive performance for the Saudi stock market in Monday's trading
The Saudi Stock Exchange's main index (TASI) closed slightly higher on Monday, adding 0.3% to close at 10,984 points. This positive performance was supported by trading volume of SAR 4.4 billion, reflecting continued investor interest in the largest financial market in the Middle East and North Africa region.
According to official data from the Saudi Stock Exchange (Tadawul), the trading volume during the session reached approximately 245.2 million shares, while the total market capitalization of listed shares remained stable at around SAR 9.3 trillion. Regarding company performance, the session witnessed a notable divergence, with 202 companies experiencing a decline in their share prices, while only 59 companies saw their share prices rise, out of a total of 268 companies listed on the main market. Among the top gainers were shares of Retal, Lazurde, Bawani, Nama Chemicals, and Nafouth, while the biggest losers were shares of United Insurance, Andalus Real Estate, Al Babtain, Enaya, and the Canadian Medical Center.
The parallel market “Nomu” records a decline
In contrast, the parallel market index (Nomu) closed down 0.4%, reaching 23,318 points. Trading value on Nomu reached approximately SAR 24.5 million, with a trading volume of 1.4 million shares. The parallel market saw 42 companies' shares decline, while 25 companies' shares rose, out of a total of 125 listed companies.
General context and importance of the Saudi market
The performance of the Saudi stock market is a vital indicator of the health of the national economy and reflects the confidence of local and international investors in the economic reforms adopted by the Kingdom within the framework of "Saudi Vision 2030." This vision aims to diversify income sources away from oil and develop the financial sector into a global investment hub. Historically, the Saudi market has undergone significant developmental phases, most notably its inclusion in global emerging market indices such as MSCI and FTSE Russell, which opened the door to substantial foreign investment inflows and enhanced the market's depth and liquidity.
Local, regional and international impact
Domestically, the performance of the Saudi Stock Exchange (Tadawul) directly impacts the wealth of citizens and institutional investors, and encourages family-owned and private companies to list and offer their shares to the public, thus contributing to the growth of the private sector. Regionally, as the largest market in the region, its movements often serve as a compass for other Gulf markets. Internationally, the presence of listed giants like Saudi Aramco makes the market a focal point for global investors, and its movements are influenced by global factors such as energy prices, the policies of major central banks, and geopolitical tensions. Therefore, this slight increase, however modest, adds to the ongoing confidence in the Saudi economy and its ability to face global challenges.
