Positive performance for the Saudi financial market at the start of the week's trading
The Saudi Stock Exchange's main index (TASI) recorded a strong performance in the first trading session of the week, Sunday, closing with a notable increase of 1.2%, gaining approximately 135 points. The index finished trading at 11,268 points, amid active trading volume of SAR 4.77 billion, reflecting a sense of optimism among investors.
According to official data from the Saudi Stock Exchange (Tadawul), approximately 214 million shares were traded during the session, while the total market capitalization of listed shares remained stable at around SAR 9.35 trillion. The market showed a broad range of gains, with 202 companies seeing their share prices rise, while only 61 companies experienced declines out of a total of 268 companies listed on the main market.
General context and importance of the "Tadawul" market
The Saudi Stock Exchange (Tadawul) is the largest in the Middle East and North Africa region and plays a pivotal role in achieving the goals of Saudi Vision 2030, which aims to diversify the economy and reduce dependence on oil. The performance of the Tadawul All Share Index (TASI) reflects the confidence of local and international investors in the strength and resilience of the Saudi economy. The market has gained increasing global prominence following its inclusion in major emerging market indices such as MSCI and FTSE Russell, which has contributed to attracting significant foreign investment inflows.
An analysis of the performance of sectors and companies
The rise was supported by positive performance from various leading sectors. The list of top gainers included Tadawul Group, Makkah Construction and Development, Dar Al Arkan, Ma'aden, and Al-Aqar, indicating activity in the financial services, real estate, and mining sectors. Conversely, shares of Eastern Pipes, Malath Insurance, Gulf General, Baazeem, and Al-Ittihad topped the list of decliners.
The parallel market “Nomu” continues its upward trajectory
On the parallel market, Nomu, dedicated to small and medium-sized enterprises (SMEs), the index also closed higher, rising 0.4% to reach 23,612 points. Trading volume on Nomu reached approximately SAR 16 million, with 1.9 million shares traded. This positive performance reflects the growing interest in promising companies that are a vital contributor to the national economy and help create new job opportunities.
Expected impact and market outlook
This rise at the start of the week sends a positive message about the stability of the Saudi financial market and its ability to withstand global economic challenges. It also enhances the market's attractiveness to investors seeking growth opportunities amidst the structural economic reforms underway in the Kingdom. Traders anticipate this positive momentum will continue, supported by strong corporate financial results and the major development projects being implemented as part of Vision 2030.
