The Saudi Stock Exchange's main index, TASI, closed Tuesday's trading session with a notable rise, continuing its positive trajectory and reflecting the prevailing optimism among investors. The index closed at 11,381 points, achieving gains of 0.9%, amid active trading with a total value of SAR 6.38 billion. These gains further solidify the market's position as one of the most important financial markets in the region.
The session saw trading of approximately 312.4 million shares, while the total market capitalization remained stable at around SAR 9.4 trillion. Regarding company performance, the data showed a predominantly positive market, with 204 out of 268 listed companies on the main market seeing their share prices rise, while only 56 companies experienced declines. Leading the list of top gainers were companies such as Eastern Pipes, Shams, Al-Aseel, Al-Fakhariya, and Electrical Industries. Conversely, the biggest losers included companies like Ma'aden, Paper Manufacturing, Al-Yamamah Cement, Burgerizer, and SMC.
General context and importance of the Saudi stock market
The Saudi Stock Exchange (Tadawul) is the largest and most liquid stock market in the Middle East and North Africa region, playing a pivotal role in achieving the goals of Saudi Vision 2030, which aims to diversify the economy and reduce dependence on oil. The market has undergone significant developmental phases throughout its history, most notably the initial public offering (IPO) of Saudi Aramco in 2019, the largest IPO in the history of global financial markets, which positioned Tadawul among the world's major markets. Furthermore, the market's inclusion in global emerging market indices such as MSCI and FTSE Russell has attracted substantial foreign investment inflows, enhancing the market's depth and efficiency.
Local and regional economic impact
The positive performance of the Tadawul All Share Index (TASI) not only benefits individual investors but also serves as a significant indicator of the health of the Saudi economy and investor confidence in ongoing economic reforms. This rise reflects confidence in non-oil sectors that are increasingly driving growth, such as fintech, tourism, and entertainment. Regionally, the Saudi market's performance acts as a benchmark for other Gulf markets, as its positive momentum often influences investor sentiment across the region due to its size and considerable impact.
Performance of the parallel market “Growth”
In a related development, the Nomu Parallel Market Index, dedicated to small and medium-sized enterprises (SMEs), closed slightly higher by 0.04%, reaching 23,749 points. Trading volume on Nomu reached approximately SAR 24.87 million, with 3.9 million shares traded. The parallel market saw mixed performance, with 30 companies' shares rising while 45 companies' shares declined, out of a total of 125 listed companies.
