The Saudi Stock Exchange's main index (TASI) closed Monday's trading session with a notable rise, settling at 11,321 points, a gain of 1.4%. This positive performance reflects investor optimism, supported by strong liquidity totaling approximately SAR 5.8 billion, resulting from the trading of nearly 240.2 million shares.
General context and importance of the Saudi 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, particularly with regard to the Financial Sector Development Program. Over the past years, the market has undergone profound structural reforms aimed at enhancing transparency and attracting foreign investment, culminating in its inclusion in prestigious global emerging market indices such as MSCI and FTSE Russell. This inclusion has opened the door to significant international capital inflows, increasing the market's depth, liquidity, and standing on the global financial stage.
Impact of performance on the economy
The performance of the Tadawul All Share Index (TASI) is seen as a reflection of the Saudi economy. The gains recorded not only bolster the confidence of local investors but also send positive signals to international investors about the stability and attractiveness of the Kingdom's investment environment. The strong performance of stocks, particularly in non-oil sectors, demonstrates the progress made in efforts to diversify the economy away from dependence on oil. This positive performance also has a regional impact, as the Saudi market often leads the performance of other stock markets in the Gulf Cooperation Council (GCC) countries.
Trading session details
Today's session saw a dominance of rising stocks, with 207 companies closing higher, while only 55 companies saw their shares decline out of a total of 268 companies listed on the main market. Leading the gainers were companies such as Al-Dawaeia, Rasen, Knowledge City, Saudi Electric Industries, and Ma'aden. Conversely, among the biggest losers were Najran Cement, Amac, Saudi Cable, and Nama Chemicals.
Parallel market performance (growth)
The parallel market (Nomu), dedicated to small and medium-sized enterprises (SMEs), also recorded positive performance, with its index closing 1.2% higher at 24,013 points. Trading value on Nomu reached approximately SAR 30 million, with a volume of 2.1 million shares traded. Shares of 43 companies rose, while those of 29 declined, reflecting healthy activity in the promising companies sector.
