In a positive start to the week, the Saudi Stock Exchange's main index (TASI) closed Sunday's session with a notable gain of 0.9%, settling at 10,912 points. The session witnessed strong buying activity that boosted the index's gains, with total trading value reaching approximately 3 billion Saudi riyals, reflecting a sense of optimism among investors at the beginning of the week.
Trading details and market liquidity
According to data released by the Saudi Stock Exchange (Tadawul), the market witnessed active trading, with approximately 180 million shares changing hands. This momentum contributed to stabilizing the market capitalization of listed shares at record levels of around SAR 9.15 trillion. This performance reinforces 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.
Company and sector performance
Today's session was predominantly positive, with the vast majority of stocks rising. Shares of 230 companies saw their market capitalization increase by the end of trading, while only 29 companies experienced declines out of the 266 listed on the main market. This significant disparity in gains indicates a broad-based upward trend, not limited to leading companies, and provides a healthy sign of widespread trading activity.
The top performing stocks were Al-Dara’a Al-Arabi, Chubb, Ban, Shams, and Al-Obaikan Glass. Conversely, the worst performing stocks were Tasheel, Sedco Capital REIT, Smasco, Sadarat, and BCI.
Parallel market (growth)
In parallel with the main market, the Nomu Parallel Market Index closed slightly higher today, rising 0.1% to close at 23,442 points. Trading volume on Nomu reached approximately SAR 17.2 million, with 1.55 million shares traded. Shares of 43 companies rose, while 25 declined, out of a total of 127 listed companies.
Economic importance and market context
This rise is particularly significant as it comes amidst investors' close monitoring of global economic developments and oil prices, which significantly influence market sentiment in the region. The Saudi Stock Exchange (Tadawul) serves as a true reflection of the national economy, as its performance demonstrates the confidence of both domestic and foreign capital in the Kingdom's investment environment, especially given the structural reforms underway as part of the Kingdom's Vision 2030 objectives to diversify income sources and attract foreign investment.
The index's closing above key psychological and technical support levels is viewed positively, paving the way for further stability during the remaining sessions of the week, barring any significant external factors. Furthermore, high liquidity and a diverse range of winning sectors enhance the market's appeal to institutional portfolios seeking opportunities in robust emerging markets.
