The Saudi Stock Exchange's main index (TASI) ended trading on Sunday, the first session of the week, on a clear positive note, recording a notable increase of 1.3% to close at 10,609 points. The session witnessed broad buying activity, reflected in trading values that reached approximately 2.8 billion Saudi riyals, indicating a sense of optimism among investors at the start of the week's trading.
Trading details and company performance
According to data released by the Saudi Stock Exchange (Tadawul), the trading volume during the session reached approximately 189.2 million shares, while the total market capitalization of listed shares remained stable at a substantial level of nearly 8.7 trillion riyals. The session was predominantly positive, with 230 companies seeing their share prices rise by the end of trading, compared to only 33 companies experiencing declines, out of a total of 266 companies listed on the main market. This indicates a broad-based rally across most sectors.
Shares of companies such as "SADARAT," "Burgerizer," "Baazeem (BAN)," and "Saudi Re" topped the list of gainers. Conversely, REITs such as "Alinma REIT Retail," "Alinma REIT Hotel," and "Diraya REIT," in addition to "Al Yamamah Steel," were among the biggest losers, highlighting the divergent performance of defensive sectors compared to growth stocks.
Parallel market performance (growth)
In parallel with the main market, the Nomu Parallel Market Index closed slightly higher today, rising 0.3% to settle at 23,618 points. Trading volume in this market reached approximately SAR 16.3 million, with 2.8 million shares traded. Shares of 42 companies rose, while shares of 38 companies declined, out of a total of 127 listed companies, reflecting a relatively stable performance among small and medium-sized enterprises (SMEs).
Signs of the rise and the position of the Saudi market
This rise in the Tadawul All Share Index (TASI) is particularly significant given the close monitoring by investors of global and local economic indicators. The Saudi stock market is the largest in the Middle East and North Africa region and plays a pivotal role in attracting foreign and domestic investment, especially in light of the structural reforms undertaken by the Saudi economy under Vision 2030.
The index's surpassing the 10,600-point mark strengthens technical confidence in the market and indicates ample liquidity to support continued momentum. Furthermore, the massive market capitalization of nearly SAR 8.7 trillion places the Saudi market among the world's major markets, making any positive movement a sign of the national economy's resilience and the ability of listed companies to achieve growth despite global economic challenges.
Moreover, the fact that the number of companies rising to include 230 companies indicates that the rise was not only driven by leading stocks, but included broad sectors of the market, which is a healthy indicator that reflects an improved appetite for risk among traders and the diversity of investment opportunities available in various economic sectors in the Kingdom.
