Positive performance for the Tadawul All Share Index (TASI) in Tuesday's session
The Saudi Stock Exchange's main index, TASI, closed higher on Tuesday, continuing its slight upward trend in a session marked by active trading, reflecting cautious optimism among investors. The index closed at 11,213 points, gaining 0.20%. Total trading value reached approximately SAR 4.5 billion, with a volume of 303.6 million shares traded, bringing the total market capitalization to SAR 9.4 trillion.
The Saudi financial market and its role in Vision 2030
This performance comes amid the growing importance of the Saudi Stock Exchange (Tadawul) as the largest financial market in the Middle East and North Africa region. The market plays a pivotal role in achieving the goals of Saudi Vision 2030, which aims to diversify the economy and reduce dependence on oil. Over the past few years, the market has undergone significant structural developments, most notably its inclusion in global emerging market indices such as MSCI and FTSE Russell. This has enhanced its attractiveness to foreign investors, injected additional liquidity, and made it a focus of attention for global investment funds.
Analysis of company and sector performance
Regarding company performance, the session saw a clear divergence, with 142 companies' shares rising, while 116 others declined, out of a total of 268 companies listed on the main market. Among the top gainers were shares of MBC Group, Americana, Al-Naifat, Al-Azizia REIT, and Saudi Electric Industries , indicating strong performance in the media, consumer goods, and financial services sectors. Conversely, the biggest losers included companies such as CGS, Thimar, Al-Kathiri, Taiba, and Taaleem , reflecting selling pressure on certain stocks.
Parallel market performance 'growth'
As for the parallel market, Nomu, a vital platform for promising small and medium-sized enterprises (SMEs), its index closed slightly lower by 0.1% at 23,639 points. Trading value on Nomu reached approximately SAR 13.2 million, reflecting its lower liquidity compared to the main market, but noting that it offers significant investment opportunities in innovative and promising sectors. The parallel market saw trading of 1.2 million shares, with a total market capitalization of SAR 40.7 billion.
Local and international importance of the Saudi market
Analysts and investors closely monitor the performance of the Saudi stock market, not only as an indicator of the health of the local economy and consumer confidence, but also as a mirror of economic trends in the region. Market stability and growth are crucial for attracting foreign direct investment and supporting the Kingdom's ambitious long-term economic diversification plans, thereby strengthening its position as a regional and global economic powerhouse.
